Dropmysite acquires Orbitfiles, brings number of signups past 911,000
June 27, 2012 by Terence LEE
Dropmysite announced today in a press release that it has completed the acquisition of OrbitFiles.com, a cloud backup and sharing solution website. It adds OrbitFiles’ 235,000 signups to its existing database of 676,000 users (including Dropmyemail users), inching itself closer to one million.
The terms of the deal were not disclosed, although CEO John Fearon did tell TheNextWeb that OrbitFiles employees won’t be acquired.
The purchase will help Dropmysite speed up its product development, said Vinoaj Vijeyakumaar, head of product development at Dropmysite. The team will be able to survey experienced backup users from OrbitFiles to hone its own products and perfect future ones.
Dropmysite’s growth is fueled mostly by first-time backup users.
The acquisition will also improve the purchaser’s visibility in North America. Its current dominant market has been Asia, mainly concentrating in India and Indonesia. Their next largest collective of users come from South America.
OrbitFiles is a US-based website with a userbase coming mainly from the United States and Canada. Their services have been active for six years.
Dropmysite is now faced with the task of converting OrbitFiles users over to its platform. If successful, North America could become its second biggest market.
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About The Author
Terence LEE - Editor
Terence writes mainly about technology trends and startups in Asia. He believes in crafting smart content: Not just a regurgitation of text, but well thought-out pieces that serve the reader using a combination of data, design, narratives, analysis, and visual impact. His articles have been published on Venturebeat, Yahoo!, Straits Times, Today, and The Online Citizen. He also co-founded NewNation.sg, a satirical news site covering Singapore affairs. Engage him on LinkedIn and Twitter.Read other posts by Terence LEE