{"id":13579,"date":"2018-09-13T10:35:49","date_gmt":"2018-09-13T07:35:49","guid":{"rendered":"http:\/\/investsofia.com\/en\/?p=13579"},"modified":"2018-10-17T10:49:22","modified_gmt":"2018-10-17T07:49:22","slug":"acronis-enters-the-bulgarian-market-after-the-acquisition-of-t-soft","status":"publish","type":"post","link":"https:\/\/investsofia.com\/en\/acronis-enters-the-bulgarian-market-after-the-acquisition-of-t-soft\/","title":{"rendered":"Acronis Enters the Bulgarian Market with the Acquisition of T-Soft"},"content":{"rendered":"

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The Singapore-based Acronis<\/a>, an international leader in cyber security and hybrid cloud solutions, has established its presence in Sofia following the acquisition of the Bulgarian company T-Soft. The two companies have been successfully collaborating since 2012, which motivated Acronis to further explore the investment opportunities for the establishment of its own unit of the company in Sofia.<\/span><\/p>\n

Acronis has the ambition to gradually create one of the largest engineering offices in the technology sector in Bulgaria. The company starts operations with T-Soft\u2019s team of\u00a030 specialists and plans to expand its staff to 300 people in the next three years. The planned investment in the amount of EUR 43 million aims to develop a key R&D center in Europe with activities that are fully focused on cyber security. The company has already announced 20 job openings for qualified personnel in Sofia.<\/span><\/p>\n

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Why Sofia<\/b><\/p>\n

The establishment of an R&D center in Sofia is part of Acronis\u2019 plans to gain stable positions in Europe. After exploring a number of countries in the region for three years, including Poland, Romania, Serbia, etc., the team of Acronis chose Bulgaria due to the firm\u2019s successful long-term partnership with T-Soft, the presence of qualified experts and the country\u2019s membership in the European Union.<\/strong><\/span><\/p>\n

\u2018Acronis needs more engineers to develop innovative technologies to meet the growing need for cyber security. We are increasing our presence in Europe as part of our growth strategy on the continent and Sofia was a logical step for us. Here we already had a local partner with excellent engineers. We will continue to develop the successful work of the team here in order to expand our research and development operations in Europe. Sofia is a great place to access the numerous talented engineers in Europe\u2019 – <\/span><\/i>said Sergei Beloussov, founder and CEO of Acronis, in the official press release<\/a> of the company.<\/span><\/p>\n

Acronis\u2019 operatitons in Sofia will continue to be managed by Plamen Toshev, current CEO of the acquired T-Soft. Today Acronis has more than 5 million users and 500 000 corporate customers in over 150 countries. \u0422he largest markets for the company\u2018s products and services are Japan, the German-speaking countries and the United States.<\/span><\/p>\n

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How we helped Acronis<\/strong><\/p>\n

We are happy that the team of the Investment Analysis Department of Sofia Investment Agency was a partner in the process of establishing the Acronis Development Center in Sofia. The Sofia-based T-Soft contacted us for assistance in the process of negotiating the acquisition of the company. By the end of the establishment of Acronis we have provided the following services:<\/p>\n