Yes this paint has acrylic resins and it is water based. So it is an acrylic paint. 100% acrylic paints are very durable, washable, stain and scuff resistant; generally hold up better than their oil base counterparts.
I don't know how much acrylic resin is in their paint but Kilz is a good brand that has been around forever. I have used Valspar products in the past and found them to be good. Unfortunately I can't make a direct comparison, haven't used the Kilz brand paints yet.