Yes. You may use Acronis Backup Cloud to replace existing backup solution. Acronis Backup Cloud is able to perform Full Machine/Volume/Files and Folders/Applications level backup. In addition, it is able to support local and cloud backup, and allow you to manage multiple customers all within the same management dashboard.
In terms of recovery, Acronis Backup Cloud can perform Bare Metal Restore, Files and Folders Restore, Granular Application Restore and even power up VM directly from Backup file. For a full list of supported OS environments, kindly refer to http://www.acronis.com/en-us/support/documentation/Acronis_Backup_Cloud/index.html#33496.html