Singapore-headquartered Dropmysite, a cloud-based email, website and database backup solution provider, has acquired OrbitFiles.com, a US-based cloud backup and sharing solution website. The terms of the acquisition have not been disclosed but following the deal, OrbitFiles will be absorbed into Dropmysite, for an undisclosed sum, to further improve its existing products and enlarge its user base, the company said on its blog last Thursday.
The acquisition adds a database of 235,000 signups to Dropmysite’s existing 676,000 users. It will speed up product development and increase visibility for the startup in North America, whose main markets have been Asia, chiefly India and Indonesia, and South America. As a majority of OrbitFiles.com’s signups are from the US and Canada, North America is expected to be Dropmysite’s second largest market once it succeeds in converting the majority of OrbitFiles’s signups into users of its platform. “Our current growth is based mostly on first time backup users. With OrbitFiles’ established domain and huge user database, we will gain credibility and seasoned backup users,” Dropmysite’s product development head, Vinoaj Vijeyakumaar, said on the company’s blog.
Dropmysite now owns Dropmyemail.com, Dropmysite.com and OrbitFiles.com and will enable the company to move close to the 1 million user base. The company was founded in 2011 by John Fearon, a web entrepreneur who earlier founded Singapore-based EatAds and also held leading roles at companies such as Clicks2Customers and Yola.com. The company is backed by Singapore-based angel investment firm Crystal Horse Investments.
Image: Susheela Menon