Dropsuite Limited (ASX:DSE)  will look for acquisitions. Charif Elansari, Managing Director said, “We have been in conversations with several targets. Some of these conversations are deeper than others.

What we are looking for are companies that are in the data protection business, right? We're not going to go and do something in pilot foreign to what we do today. Especially that this, as I just mentioned earlier, this sector is expected to grow at a very, very respectable growth rate for the coming few years.

So we're looking at that. We're looking at continuing to be a software company with recurring revenue. So we're looking at companies that are SaaS.

We're looking at companies that culturally fit and companies that have good technology. right? So when we are doing the conversations and having these discussions with these potential acquisition targets, we want to make sure they tick the boxes.

We are not in a hurry to pull something quickly and then make -- and have some real challenges in the future. As you see, our existing business is very solid, and we continue to be very optimistic about the future growth of the business. So we're being very picky on the type of company we'd like to acquire”.