NinjaOne acquired the Australian Dropsuite

NinjaOne, a leader in SaaS infrastructure management, accelerates on data protection with the acquisition of the Australian public company, Dropsuite, for $252 million. Founded in 2012, Dropsuite has generated a almost $50 million in ARR in 2024. As the company is public, they published interesting metrics such as the ARPU at $2.52, partner revenue churn below 3%, 779 reseller partners and 1.65 million paid users. Since 2020 with $8.5 million in revenue, the company has sustained a 56%CAGR trajectory to reach exactly $49.8 million in 2024, pretty spectacular. More information in their annual financial report available here.