DSE on Livewire

On Livewire this morning, Shane Fitzgerald from Monash Investors, brought DSE as his recommendation for the buy hold sell segment.

Hopefully we keep getting more public publicity like this and more instos pick it up!

Shane Fitzgerald: We've brought along Dropsuite. For those who don't know, Dropsuite provides cloud backup servers for your email, for your Office 365, for your Quicken Books, et cetera. There are studies out there showing that small businesses, about 84%, of them do not back up their SaaS application data. They just don't do it. So Dropsuite is working with a lot of managed-service providers to provide these servers into those clients. It's got about 2% market share globally of those MSPs, with plenty of runway to grow into that. It's growing at 50% per annum at the moment. Great SaaS metrics across the board, cashflow positive. There's a lot of upside.

David Thornton: That's a bullish thesis.