27 Jun '12, 2am

@Dropmysite acquires @Orbitfiles, brings number of signups past 911,000

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 acquisition were not disclosed. 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 ...

Full article: http://sgentrepreneurs.com/news-stop/2012/06/27/dropmysit...

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#Singapore #startup @dropmysite acquires @orbitfiles for North American market visibility #acquisition

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