K1 to Exit Axcient, a Category Leader in Business Continuity and Disaster Recovery Solutions
K1 Investment Management has announced the upcoming acquisition of its portfolio company Axcient by ConnectWise. Axcient, a provider of advanced business continuity and disaster recovery (BCDR) solutions for managed service providers (MSPs), has seen significant growth under K1's investment. Key highlights include:
- Annual recurring revenue grew 7.5x during K1's investment period
- K1 facilitated strategic acquisitions of Anchor, Cloudfinder, and Replibit
- Axcient established itself as a category leader in backup and disaster recovery software
- The acquisition by ConnectWise aims to accelerate Axcient's mission to protect MSPs from cybersecurity risks
- K1 has realized over $1.8 billion of liquidity in the past ten months across its portfolio
K1 Investment Management ha annunciato l'imminente acquisizione della sua azienda in portafoglio Axcient da parte di ConnectWise. Axcient, un fornitore di soluzioni avanzate di continuità aziendale e recupero dati da disastri (BCDR) per fornitori di servizi gestiti (MSP), ha registrato una crescita significativa sotto l'investimento di K1. I punti salienti includono:
- Il fatturato ricorrente annuale è cresciuto 7,5 volte durante il periodo di investimento di K1
- K1 ha facilitato acquisizioni strategiche di Anchor, Cloudfinder e Replibit
- Axcient si è affermata come leader di categoria nel software di backup e recupero dati
- L'acquisizione da parte di ConnectWise mira ad accelerare la missione di Axcient di proteggere gli MSP dai rischi legati alla cybersicurezza
- K1 ha realizzato oltre 1,8 miliardi di dollari di liquidità negli ultimi dieci mesi attraverso il suo portafoglio
K1 Investment Management ha anunciado la próxima adquisición de su empresa del portafolio Axcient por ConnectWise. Axcient, un proveedor de soluciones avanzadas de continuidad empresarial y recuperación ante desastres (BCDR) para proveedores de servicios gestionados (MSP), ha visto un crecimiento significativo bajo la inversión de K1. Los aspectos más destacados incluyen:
- Los ingresos recurrentes anuales crecieron 7.5 veces durante el período de inversión de K1
- K1 facilitó adquisiciones estratégicas de Anchor, Cloudfinder y Replibit
- Axcient se estableció como líder de categoría en software de respaldo y recuperación ante desastres
- La adquisición por parte de ConnectWise tiene como objetivo acelerar la misión de Axcient de proteger a los MSP de los riesgos de ciberseguridad
- K1 ha realizado más de $1.8 mil millones de liquidez en los últimos diez meses en su portafolio
K1 Investment Management는 포트폴리오 회사인 Axcient가 ConnectWise에 인수될 예정이라고 발표했습니다. Axcient는 관리형 서비스 제공업체(MSP)를 위한 비즈니스 연속성과 재해 복구(BCDR) 솔루션을 제공하는 업체로, K1의 투자 아래 상당한 성장을 이뤘습니다. 주요 하이라이트는 다음과 같습니다:
- K1의 투자 기간 동안 연간 반복 수익이 7.5배 성장했습니다
- K1은 Anchor, Cloudfinder 및 Replibit의 전략적 인수를 지원했습니다
- Axcient는 백업 및 재해 복구 소프트웨어 분야의 카테고리 리더로 자리 잡았습니다
- ConnectWise에 의한 인수는 Axcient의 MSP를 사이버 보안 위험으로부터 보호하는 사명을 가속화하는 것을 목표로 하고 있습니다
- K1은 지난 10개월 동안 포트폴리오 전반에 걸쳐 18억 달러 이상의 유동성을 실현했습니다
K1 Investment Management a annoncé l'acquisition prochaine de sa société de portefeuille Axcient par ConnectWise. Axcient, un fournisseur de solutions avancées de continuité des affaires et de récupération après sinistre (BCDR) pour les fournisseurs de services gérés (MSP), a connu une croissance significative sous l'investissement de K1. Les points saillants comprennent :
- Le chiffre d'affaires récurrent annuel a augmenté de 7,5 fois pendant la période d'investissement de K1
- K1 a facilité des acquisitions stratégiques d'Anchor, Cloudfinder et Replibit
- Axcient s'est établi comme un leader dans le domaine des logiciels de sauvegarde et de récupération après sinistre
- L'acquisition par ConnectWise vise à accélérer la mission d'Axcient de protéger les MSP contre les risques de cybersécurité
- K1 a réalisé plus de 1,8 milliard de dollars de liquidité au cours des dix derniers mois dans son portefeuille
K1 Investment Management hat die bevorstehende Übernahme seines Portfolio-Unternehmens Axcient durch ConnectWise angekündigt. Axcient, ein Anbieter von fortschrittlichen Business-Continuity- und Disaster-Recovery (BCDR)-Lösungen für Managed Service Provider (MSP), hat unter K1s Investition ein signifikantes Wachstum erlebt. Zu den wichtigsten Highlights gehören:
- Der jährlich wiederkehrende Umsatz wuchs während K1s Investitionszeitraum um 7,5-fach
- K1 erleichterte strategische Übernahmen von Anchor, Cloudfinder und Replibit
- Axcient hat sich als Marktführer im Bereich Backup- und Disaster-Recovery-Software etabliert
- Die Übernahme durch ConnectWise zielt darauf ab, Axcients Mission zu beschleunigen, MSPs vor Cybersecurity-Risiken zu schützen
- K1 hat in den letzten zehn Monaten über 1,8 Milliarden Dollar an Liquidität in seinem Portfolio realisiert
- Axcient's annual recurring revenue grew 7.5x during K1's investment period
- K1 facilitated strategic acquisitions of Anchor, Cloudfinder, and Replibit, enhancing Axcient's market presence
- Axcient established itself as a category leader in backup and disaster recovery software
- K1 has realized over $1.8 billion of liquidity in the past ten months across its portfolio
- None.
Insights
The acquisition of Axcient by ConnectWise marks a significant milestone in the BCDR sector. K1's strategic investment has yielded impressive results, with Axcient's annual recurring revenue growing by 7.5x during their partnership. This growth, coupled with strategic acquisitions, has positioned Axcient as a category leader.
The transaction, while undisclosed, is likely to be substantial given Axcient's market position and growth trajectory. For K1, this exit contributes to an impressive
The consolidation trend in the MSP software market continues, with larger players like ConnectWise expanding their portfolios. This acquisition could lead to increased competition and potentially higher valuations for similar companies in the sector.
Axcient's success in the BCDR space underscores the growing importance of robust cybersecurity and data protection solutions for MSPs. The company's x360 platform, recognized for its seamless and scalable protection, aligns well with the increasing demand for comprehensive IT management tools.
The integration of Axcient's BCDR expertise with ConnectWise's suite of solutions could create a more powerful, end-to-end offering for MSPs. This synergy may accelerate product development and innovation in the MSP software market, potentially raising the bar for competitors.
As cyber threats continue to evolve, the combined entity is likely to be better positioned to address the complex security needs of businesses, potentially leading to increased market share and customer retention.
The BCDR market is experiencing rapid growth, driven by increasing cyber threats and the critical need for business continuity. Axcient's success and subsequent acquisition highlight the value investors and larger tech companies place on robust BCDR solutions.
This transaction reflects a broader trend of consolidation in the MSP software market, as larger players seek to offer comprehensive, integrated solutions. For investors, this trend suggests potential opportunities in identifying and investing in niche players with strong technology and growth potential.
The exit also demonstrates K1's successful strategy in the enterprise software space, with multiple high-value transactions in a short period. This track record could attract more capital to similar investment firms and potentially drive up valuations in the sector.
K1's strategic investment established Axcient as a BCDR leader, and the firm will have realized over
Following K1's initial investment, Axcient focused on customer-driven innovation and strategic growth, resulting in annual recurring revenue growing by 7.5x over its investment period. During the partnership, K1 facilitated the strategic add-on acquisitions of Anchor, Cloudfinder and Replibit, further enhancing the company's market presence and product offerings, and solidifying its position as a category leader in backup and disaster recovery software.
"K1's partnership with Axcient has helped to transform the company's product offerings and establish itself as a leader in the BCDR space," said Taylor Beaupain, Managing Partner at K1."Through our operational support and growth initiatives, Axcient has continued to evolve its solutions, positioning itself as a trusted name for MSPs globally."
The acquisition by ConnectWise seeks to further accelerate Axcient's mission to protect MSPs and their clients from growing cybersecurity risks, combining its BCDR expertise with ConnectWise's comprehensive suite of IT management, cybersecurity, and data protection solutions. Axcient's robust technology, including its x360 platform, has earned industry recognition for offering seamless, scalable protection to businesses of all sizes.
"Axcient's partnership with K1 has been instrumental in scaling the company's technology and expanding its reach," said Rod Mathews, CEO of Axcient. "As we join the ConnectWise family, we are excited to continue delivering leading solutions that help MSPs protect their customers from ransomware attacks and other disruptions."
With the sale of Axcient, K1 has now realized over
About Axcient
Axcient is an award-winning provider of Business Continuity and Disaster Recovery (BCDR) solutions, offering advanced cloud-based data protection services that ensure businesses can recover quickly from disruptions. Axcient's commitment to product innovation and strong partner support have earned it a trusted reputation for MSPs.
About K1
K1 is one of the largest investors in small-cap enterprise software companies. Headquartered in
K1's exclusive focus, driven by its single team, single office, and single fund strategy, has resulted in realizations for many of its portfolio companies. Examples include Apttus (sold to Thoma Bravo), Buildium (sold to RealPage, NASDAQ: RP), Certent (sold to insightsoftware), Checkmarx (sold to Insight Partners and Hellman & Friedman), Clarizen (sold to Planview), FMG Suite (sold to Aurora Capital Partners), GoCanvas (sold to Nemetschek Group, FRA: NEM), Granicus (sold to Vista Equity Partners and Harvest Partners), Inthinc (sold to Orbcomm, NASDAQ: ORBC), Litera (sold to Hg Capital), Rave Mobile Safety (sold to TCV; now owned by Motorola Solutions, NYSE: MSI), TeamDynamix (sold to Level Equity), Unified (now owned by iHeartMedia), WorkForce Software (now owned by Insight Partners and Elliott Investment Management) and Zapproved (sold to Exterro).
For more information, visit k1.com and follow K1 Investment Management on LinkedIn.
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SOURCE K1 Investment Management
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