September 18, 2019 / 10:01 AM / a month ago

BRIEF-Goldman Sachs leads $147 mln investment in Acronis tech company

Sept 18 (Reuters) - Swiss-based cyber protection company Acronis says:

* Goldman Sachs and its partners have invested $147 million in Acronis and received less than 10% of the tech company’s shares;

* The investment round sets the valuation of the company to more than $1 billion and enables Acronis to expand its engineering team in Singapore, Bulgaria and Arizona;

* “The investment round led by Goldman Sachs will help us to fast-track product development through acquisitions of companies and additional resources, and accelerate growth,” said Serguei Beloussov, founder and CEO of Acronis. (Reporting by Moscow Newsroom)

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