June 3 (SeeNews) - Acronis Bulgaria, a unit of Switzerland-based software company Acronis, will invest some 1.2 million levs ($686,200/613,500 euro) in the expansion of its R&D centre in Sofia, Bulgaria's economy ministry said on Monday.
Acronis Bulgaria will expand its operations by the creation of a European centre for cyber protection, artificial intelligence and blockchain projects, as part of its existing R&D centre, and will hire an additional 130 software engineers in the process, the economy ministry said in a statement following an official ceremony where it awarded a top-class investment certificate to the project.
The expansion is related to the development of a new product, Acronis Total Protection (ATP), that will prevent malware attacks and cut operating expenses.
In September, Acronis acquired software engineering company T-Soft following successful partnership between them. After the conclusion of the deal, T-Soft was renamed to Acronis Bulgaria.
Acronis Bulgaria has said that it plans to invest $50 million in the development of its Sofia R&D centre over the next three years.
Acronis, founded in 2003 in Singapore, is active in cyber protection and hybrid cloud storage technology. Enhanced by AI-based Active Protection technology, blockchain-based authentication and hybrid-cloud architecture, Acronis protects all data in any environment, including physical, virtual, cloud, mobile workloads and applications.
(1 euro = 1.95583 levs)