tiprankstipranks
Company Announcements

Goldman Sachs Acquires Significant Stake in Dropsuite Limited

Story Highlights
Goldman Sachs Acquires Significant Stake in Dropsuite Limited

Dropsuite ( (AU:DSE) ) has shared an announcement.

The Goldman Sachs Group, Inc. has become a substantial shareholder in Dropsuite Limited, acquiring a 5.0105% voting power through its subsidiaries. This acquisition reflects Goldman Sachs’ strategic interest in the data protection sector, potentially enhancing Dropsuite’s market position and providing new opportunities for growth and collaboration.

More about Dropsuite

Dropsuite Limited operates in the technology industry, focusing on cloud-based software solutions for data backup, archiving, and recovery. The company targets businesses seeking robust data protection and management services.

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $254.4M

See more data about DSE stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App