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    PartsTech, a Boston-based car component startup, bags $35 million

    PartsTech, a Boston-based car component startup, bags $35 million

    Gradiant raises $225 million in Series D, enters the unicorn club

    Gradiant raises $225 million in Series D, enters the unicorn club

    Ohmium, a green hydrogen startup closes $250 million Series C

    Ohmium, a green hydrogen startup closes $250 million Series C

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

    Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      PartsTech, a Boston-based car component startup, bags $35 million

      PartsTech, a Boston-based car component startup, bags $35 million

      Gradiant raises $225 million in Series D, enters the unicorn club

      Gradiant raises $225 million in Series D, enters the unicorn club

      Ohmium, a green hydrogen startup closes $250 million Series C

      Ohmium, a green hydrogen startup closes $250 million Series C

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

      Vedanta Biosciences, a clinical-stage company, secured $106.5 million

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      Home topics Cloud infrastructure

      Acronis Acquires US Software Provider 5nine

      USTechTimes Editor by USTechTimes Editor
      January 20, 2020
      Acronis

      Photo from Facebook page of Acronis

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      Software giant Acronis has acquired 5nine, a US-based provider of virtualization security and management software for the Microsoft Cloud, for an undisclosed amount.

      Auctus Capital Partners also announced its role as exclusive advisor to 5nine, which is supported by Insight Venture Partners.

      Focused exclusively on creating value for the lower middle market, the Auctus Group companies comprise a multi-faceted financial group specializing in merger & acquisition advisory, institutional private placements of debt and equity, financial restructuring, valuation, and strategic consulting.

      5nine delivers integrated and scalable solution for managing and securing workloads across the Microsoft Cloud – public, private or hybrid.

      IT Administrators and service providers who require more control and visibility of decentralized infrastructure rely on 5nine’s seamless approach to cloud migration, cloud management, cloud monitoring, cloud backup, and cloud security.

      Swiss and Singapore-based Acronis leads the world in cyber protection – solving safety, accessibility, privacy, authenticity, and security (SAPAS) challenges with innovative backup, security, disaster recovery, and enterprise file sync and share solutions that run in hybrid cloud environments: on-premises, in the cloud, or at the edge.

      “5nine is an important ally in Acronis’ strategic growth and this arrangement will further drive efficiency and value for customers,” said Muhammad Azfar, CEO and Managing Partner of Auctus Capital Partners.

      5nine provides virtualization security and management software for the Microsoft Cloud, offering automated end-to-end cloud management and the first and only agentless, multilayered cybersecurity solution for Hyper-Vand Azure. Its innovative, powerful and easy-to-use software significantly reduces operating costs, delivers robust gains in productivity, and actively mitigates security risks.

      Acronis will integrate 5nine’s technology into the Acronis Cyber Platform, making new services available through the Acronis Cyber Cloud Solutions portal.

      “The dependence of enterprises on cloud infrastructure across industry verticals continues to push demand for reliable and faster cloud management and security solutions,” said Auctus Managing Director Hemant Bajaj.

      Working quickly to support 5nine, Auctus Capital Partners analyzed financial situations and modeling, evaluated synergies among potential buyers, and helped present key value drivers around its virtualization platform, experience across the Microsoft ecosystem, established customer base and strong management.

      “Given the ever-changing threats of today’s digital world, the new standard for safeguarding data is cyber protection, which integrates data protection and cybersecurity – and Acronis is driving that evolution,” said Karen Armor, Chief Executive Officer at 5nine.

      Prior to the 5nine acquisition, Acronis raised $147 million in funding led by Goldman Sach and completed several notable buyouts to grow its product roster by acquiring companies that protect applications it doesn’t already support.

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        2ndKitchen, a food technology startup based in Chicago, has secured a total of US$4.35 million…

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      Tags: 5nineAcronisCloudCloud ComputingMicrosoft CloudSoftware
      USTechTimes Editor

      USTechTimes Editor

      USTechTimes.com is an independent new media site that focuses on the latest technology and digital news in the United States and around the world. The site focuses on new startup launching, startup funding, and development in the startup space.

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