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Runa Capital sells Backup Agent

0 3 September 2014

 Venture fund Runa Capital has today announced the sale of Backup Agent, a leading cloud data backup firm working with small and medium sized businesses. The company has been bought by Acronis, a world leader in data protection technology. The details of the transaction were not disclosed.

Backup Agent, identified by Deloitte as one of the world’s fastest developing tech companies, was founded in 2005 with the aim of swapping traditional data backup methods for cloud backup. The company offers those using its services the opportunity to backup to their cloud data centres, located in the US, Europe and Asia. 

Backup Agent currently works with more than 900 service providers, storing data for more than 50,000 small and medium sized business clients across the world.

Dmitry Chikhachev, Runa Capital managing partner:

“Acronis decided it wanted this startup after Serguei Beloussov took the post of CEO and drew up a new cloud tech strategy. The strategy involved searching for startups to buy, and one of the companies it found was Backup Agent, just over a year ago. This isn’t the first company to be bought by Acronis and it won’t be the last.”

Acronis plans to combine Backup Agent’s technology with the Acronis AnyData Engine. This will allow Acronis and Backup Agent clients and partners to benefit from the best data collection, storage, retrieval and management technology available, and to access it via any device. The Backup Agent data centres will join Acronis’ global network, which covers the US, Eastern and Western Europe, Russia, Asia and Japan. The Backup Agent team will also join Acronis, with some of their engineers working on some of Acronis’ new products.

Backup Agent has received two rounds of investment in the past: Solid Ventures made an investment of an undisclosed sum in 2007 and in 2013 Runa Capital invested $2 million.

This is Run Capital’s fourth exit from a company. The previous three were the sale of ThinkGrid to Colt Telecom in 2012, and the sales of Stop The Hacker and Capptain to CloudFlare and Microsoft respectively earlier this year.


Top image via Shutterstock

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