Acronis International GmbH

Acronis International GmbH

Serguei Beloussov, a Singapore-based serial entrepreneur, founded Acronis in 2003. The company initially focused on backup and disaster recovery software before evolving into a broader cyber protection platform. Beloussov remains executive chairman and is the wealth-origin figure behind the family office structures associated with the firm. Acronis sells its software primarily through a channel of 50,000 service providers and distributors across 150 countries. The platform integrates backup, disaster recovery, anti-malware, and endpoint management in a single subscription. Key investments include expansions into the Asia-Pacific market via a regional HQ in Singapore (per the firm's official communications, 2023). The company has also launched managed service provider (MSP) programs to capture recurring revenue from small and mid-sized businesses. The firm has raised over $500 million from investors including Goldman Sachs, BlackRock, and H.I.G. Capital. A $250 million Series A round in October 2022 (per TechCrunch, October 2022) brought total equity funding past $500 million and valued Acronis at over $1 billion. Beloussov has also established family office vehicles in Singapore to manage personal and business wealth, though details remain private. Acronis operates as a Singapore-incorporated private company with Swiss headquarters — a cross-border structure distinct from a pure family office. Its business model differs from most venture-backed cyber firms by focusing exclusively on channel sales and recurring subscription revenue rather than direct enterprise contracts. The company's governance rests with Beloussov and a board including prominent cyber investors, a structure that aligns long-term retention with founder control.