The Federal Court of Australia has approved NinjaOne's acqusition of Melbourne backup specialist Dropsuite.
NinjaOne said in January this year that it would buy ASX-listed Dropsuite, for $402 million.
The two companies are aiming to create a merged platform that combines NinjaOne's endpoint management capabilities with Dropsuite's backup and recovery solutions.
A merged platform will offer extended data protection, automated setup and recovery, native multitenancy, and enhanced discovery capabilities for both software-as-a-service applications and physical devices.
Dropsuite was founded in 2011 and is led by Charif El-Ansari, who took over from founder John Fearon in 2013 as chief executive.
Dropsuite has offices in Australia, the United States, Singapore and India.
In April, Dropsuite reported annual reccurring revenue of $53.6 million for the quarter-year ending March 31, 2025.
This is up 37 per cent on the previous corresponding period, Dropsuite said.
The company said it added 144,000 seats and now has a total user count of 1.79 million, which is up 45 per cent from the last correspondiing quarter.
Dropsuite has a product gross margin of 69 per cent, and remains cashflow positive at $28 million with no debt.
"Amid rising global cyber threats, tighter data regulations, and our expanding presence in the IT channel, Dropsuite delivered another quarter of record growth in Q1, 2025," El-Ansari said when the results were published.
In February this year, NinjaOne said it had secured US$500 million in funding, in Series C extensions.
The funding upped the company's valuation to US$5 billion.
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