The deal is to enhance the service portfolio of the company
Acronis, the cybersecurity service provider bases out of Singapore and Switzerland has bought 5nine Software, a US-based Microsoft cloud enabler. The deal will enhance the service portfolio of the company. After the deal, 5nine will be a subsidiary of Acronis but the company did not reveal the details of the deal.
5nine started its operation in the year 2009 as it is the first and the only agentless security and management solutions for cloud computing platforms such as Azure and Hyper-V. The company helps Microsoft’s program in creating and processing the virtual operating system. The software of the company enables companies to decrease overall cost, enhance productivity and avoid the security risks.
Acronis is known for backup, protection, disaster recovery, and enterprise file syncing and sharing solutions. It had raised $147 million recently; this round of financing was organized by Goldman Sachs making the company valued over $1 billion. Acronis now will offer 5nine’s services under its umbrella. The services can be availed through the Acronis Cyber Cloud Solution platform.
The integration of services will bring more business
The founder and CEO of Acronis, Serguei Beloussov said, “By adding 5nine’s solutions to our portfolio of cyber protection products and services, we’re giving our partners and customers an easy way to adopt the Microsoft hybrid cloud platform. With a combined solution, organizations will be able to migrate all or select workloads to the cloud and then manage both on-premises and cloud virtual machines with a single interface.
As the deal is final Acronis will use its resources to make 5nine’s cloud management, cloud migration, and security platform more efficient. The company in a statement said that it is looking to acquire more such companies and integrate its services with the Acronis Cyber Platform.