Singapore's Acronis acquires Synapsys, providing the African IT channel with direct access to enhanced cyber protection solutions

SINGAPORE,March 17,2021 --Singapore's unicorn Acronis,a global leader in cyber protection,announced today the acquisition of Synapsys,its long-time partner located in Cape Town,South Africa that specializes in distributing Acronis Cyber Protection Solutions through the service provider channel. Marking the latest move in the company's accelerated growth plan,it is Acronis' fourth acquisition in the past 18 months.

Acronis acquires Synapsys,a long-time partner in South Africa.

Synapsys is a channel-centric group of companies that delivers Acronis Cyber Protection Solutions to thousands of customers through a network of sub-distributors,resellers,and managed service providers (MSPs) in South Africa and across the continent. It is comprised of two businesses: Synapsys Systems(Proprietary) Limited,a specialist software distributor and the region's Authorized Acronis Distributor foron-premises solutionssince 2003,and Synapsys Distribution(Proprietary) Limited,which services the MSP market using the Acronis Cyber Cloud service provider platform.

"Synapsys has been a trusted and valuable partner in our efforts to extend our cyber protection solutions to organizations across the African continent. This acquisition will give their users direct access to our technology and support," said Serguei "SB" Beloussov,Acronis' Founder and CEO. "At the same time,Africa is becoming a strategic growth opportunity for Acronis and acquiring Synapsys provides us with a permanent presence on the continent. The move is beneficial for Acronis,the African MSP channel,and the organizations and users that need to safeguard their workloads and systems against the modern threat landscape."

The acquisition dovetails perfectly with Acronis' ongoing Global/Local Initiative,which aims to provide expanded in-country access to the company's worldwide resources. As demand for cloud and managed services increases around the world,it creates opportunities for service providers who deliver Acronis Cyber Protection Solutions. The Global/Local Initiative reflects the company's commitment to stay close to its partners and help them grow their business while protecting their clients against modern threats.

Unique relationship leads to acquisition

Peter French,Synapsys' Managing Director,will now serve as Acronis' General Manager for the Middle East/Africa market. In making today's announcement,he commented on the unique relationship that led to the acquisition.

"No business school advice tells you to put all your eggs in one basket. But this is exactly what we did with Acronis,and we have never regretted it," French said. "Our laser-focus and partner-centric ethos is backed by our alignment with Acronis' mission,especially the drive to the cloud and the cyber protect approach to data protection and digital security. This deal feels like a natural extension to this long-standing relationship. Partnerships are about relationships which are about people: we are looking forward to continuing to support MSPs across Africa in keeping the ecosystem cyber protected,now as part of Acronis. And former Synapsys partners can look forward to a closer relationship with Acronis,working through the same core team on the ground whom they have grown to trust over the years."

After a planned transition period,Synapsys will be integrated into Acronis and will be responsible for all Africa Sales of Acronis' world-class cyber protection solutions.

As part of the company's accelerated growth strategy,Acronis will continue to examine potential acquisitions that will extend its ability to address the Five Vectors of Cyber Protection — solving the safety,accessibility,privacy,authenticity,and security (SAPAS) challenges that face today's data,applications,and systems.

Any MSPs and resellers in the region who are interested in learning more about how they can boost their clients' cybersecurity posture easily and affordably,without increasing the complexity needed to manage it all,are encouraged to contact Peter French at pf@acronis.com.

About Synapsys

The Synapsys group of companies is channel-centric and remains committed to delivering Acronis Cyber Protection Solutions to thousands of satisfied customers through an extensive network of sub-distributors,resellers and managed services providers in South Africa and across the continent. It is comprised of two organizations: Synapsys Systems(Proprietary) Limited was founded in 1997 as a specialist software distributor and has been the Authorized Acronis Distributor foron-premises solutionsin South Africa and Africa since 2003; and Synapsys Distribution(Proprietary) Limited was founded in 2016,coinciding with the release of the Acronis Cyber Cloud service provider platform,toservice the MSP market.The company is privately held.

About Acronis

Acronis unifies data protection and cybersecurity to deliver integrated,automated cyber protection that solves the safety,and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals,Acronis provides superior cyber protection for data,and systems with innovative next-generation antivirus,backup,disaster recovery,and endpoint protection management solutions. With award-winning AI-based antimalware and blockchain-based data authentication technologies,Acronis protects any environment — from cloud to hybrid to on-premises — at a low and predictable cost.

Founded in Singapore in 2003 and incorporated in Switzerland in 2008,Acronis now has more than 1,500 employees in 33 locations in 18 countries. Its solutions are trusted by more than 5.5 million home users and 500,000 companies,including 100% of the Fortune 1000,and top-tier professional sports teams. Acronis products are available through 50,000 partners and service providers in over 150 countries in more than 40 languages.