NinjaOne Announces Intent to Acquire SaaS Backup and Data Protection Leader Dropsuite

Dropsuite’s backup and data protection suite delivers a last line of defense against ransomware attacks and IT incidents for millions of users of Microsoft 365, Google Workspace, and other SaaS applications

AUSTIN, Texas & MELBOURNE, Australia--(BUSINESS WIRE)--NinjaOne^®, the automated endpoint management platform, and Dropsuite (ASX: DSE), a leader in cloud data backup, archiving, and recovery solutions, today announced a definitive agreement for NinjaOne to acquire Dropsuite for a total transaction value of approximately $252 million (USD)¹. The acquisition is expected to close in the first half of 2025, subject to approval by Dropsuite’s shareholders, court approval, Australia’s Foreign Investment Review Board (FIRB) approval, and other customary closing conditions.

Employees are spending more time in SaaS applications on more devices than ever before, making them a prime target for malicious actors and a common source of IT incidents. According to Gartner², “By 2028, 75% of enterprises will prioritize backup of SaaS applications as a critical requirement, compared with 15% in 2024.” Meanwhile, employees are using more endpoints to access these applications. Seven of every ten employees use four or more devices per day at work, and 90% of IT organizations admit they cannot actively monitor all endpoints, according to Enterprise Strategy Group³.

Protecting and backing up critical business data, wherever it lives, should be a core component of any organizational resilience strategy and a baseline requirement for endpoint management platforms. The NinjaOne automated endpoint management platform, combined with Dropsuite’s data protection suite, will help IT and MSP organizations safeguard against the impact of catastrophic events such as ransomware attacks and common day-to-day IT nuisances such as accidental deletion and data archiving for legal and compliance through:

• Extended Data Protection: Secure both SaaS application and physical device data against accidental loss as well as internal and external malicious actors.
• Automated Setup and Recovery: Deliver business continuity through an easy-to-deploy, fully automated suite that restores files, emails, calendars, and Entra ID with just a few clicks.
• Native Multitenancy: Extend data protection through an architecture built to natively work as well in complex multi-tenant IT and MSP environments as it does for a single organization.
• Enhanced Discovery: Give users and admins the ability to comb through historical data assets via an intuitive user interface – reducing the labor and technical effort needed to uncover critical data.

“Dropsuite will help our customers be more successful by extending data protection from the endpoint to SaaS applications, automating and simplifying backup, and filling critical data protection gaps,” said Sal Sferlazza, CEO and co-founder at NinjaOne. “We are watching the concept of an ‘endpoint’ evolve from a device to a user in real time. The growth of SaaS applications, BYOD, and the move to remote and hybrid work have transformed customer expectations for endpoint management platforms. Organizations must protect and manage not only the personal and professional devices used by customers and employees but also the applications they use.”

“By joining NinjaOne, Dropsuite will be able to help provide customers with the tools needed to backup and protect endpoints and the most mission-critical SaaS applications from a single platform. We believe this will contribute to the continued success of our customers and our distribution partners,” said Charif El-Ansari, CEO at Dropsuite. “We are thrilled to be joining NinjaOne and look forward to working more closely upon close.”

“What impressed us most after our due diligence across the SaaS backup and data protection market is that Dropsuite is obsessed with customer success as much as NinjaOne, and their product is widely loved across its customer base and the nearly 1.5 million people who rely on it,” said Chris Matarese, President, CFO, and co-founder at NinjaOne. “We have long said we are a build before buy company, and we want to assure our customers and partners that we have passed on a number of potential acquisitions and spent a lot of time to ensure that Dropsuite is as easy to use and deeply integrated into the NinjaOne automated endpoint management platform as the rest of our product suite.”

For more information about NinjaOne Backup, visit: https://www.ninjaone.com/m365backup/.

^1	Calculated based on an exchange ratio of AUD $[1]: USD $[.63], which may fluctuate.
^2	Gartner, Magic Quadrant for Enterprise Backup and Recovery Software Solutions, Michael Hoeck, Jason Donham, Rene Rodriguez, Chandra Mukhyala, August 5, 2024
^3	Enterprise Strategy Group, a division of TechTarget, Research Publication, Managing the Endpoint Vulnerability Gap: The Convergence of IT and Security to Reduce Exposure; Dave Gruber, Principal Analyst; Gabe Knuth, Senior Analyst; and Bill Lundell, Director of Syndicated Research; May 2023

About NinjaOne

NinjaOne automates the hardest parts of IT, delivering visibility, security, and control over all endpoints for more than 20,000 customers.

The NinjaOne automated endpoint management platform is proven to increase productivity, reduce security risk, and lower costs for IT teams and managed service providers. NinjaOne is obsessed with customer success and provides free and unlimited onboarding, training, and support.

NinjaOne is #1 on G2 in endpoint management, patch management, remote monitoring and management, and mobile device management.

Try NinjaOne for free at https://www.ninjaone.com/freetrialform/.

About Dropsuite

Dropsuite is an award-winning cloud software platform enabling businesses and organizations globally to easily backup, recover and protect their important business information. Dropsuite's commitment to advanced, secure, and scalable cloud technologies keeps them at the forefront of the industry and makes them the preferred choice of leading IT Administrators and Managed Service Providers globally.

For more information, visit https://dropsuite.com or follow us on LinkedIn, Facebook, or X.

Advisors

Dropsuite has engaged Canaccord Genuity as financial advisor and Herbert Smith Freehills as legal counsel.

NinjaOne has engaged Goodwin Procter LLP and Gilbert + Tobin Lawyers as its legal counsel.