Endpoint management platform NinjaOne plans to acquire cloud backup specialist Dropsuite in Melbourne, in a deal worth A$402 million, as the company expands into data protection services.
The acquisition aims to combine NinjaOne's endpoint management capabilities with Dropsuite's backup and recovery solutions, amid growing concerns about data security across multiple devices and platforms.
Such a merged platform will offer extended data protection, automated setup and recovery, native multitenancy, and enhanced discovery capabilities for both SaaS applications and physical devices.
"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," Charif El-Ansari, chief executive of Dropsuite, said.
"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," Sal Sferlazza, chief executive and co-founder at NinjaOne, said.
Industry analyst Gartner projects that by 2028, 75 per cent of enterprises will prioritise backup of SaaS applications as a critical requirement, up from 15 per cent in 2024.
The transaction remains subject to Dropsuite shareholder approval, court approval, and clearance from Australia's Foreign Investment Review Board, with completion expected in the first half of 2025.
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