Updated
Updated · The Register · Jul 9EQT Buys Acronis Majority Stake at Over $3.5 Billion Valuation
1 articles · Updated · The Register · Jul 9Summary
- EQT acquired a majority stake in Swiss cybersecurity firm Acronis in a deal that values the whole company at more than $3.5 billion.
- The report did not disclose the size of the stake sold or other financial terms, leaving the transaction value itself unspecified.
- Acronis adds to EQT's cybersecurity exposure as investors keep backing security software providers despite broader tech-market volatility.
Insights
Is Microsoft's AI warning a genuine alert or a play to lock customers into its Azure cloud? Can the AI industry's trillion-dollar boom continue without triggering an environmental and resource 'AIpocalypse'? With AI finding flaws faster than humans can patch, are we entering an age of permanent cyber vulnerability?