Dropsuite Limited (ASX:DSE) is looking for acquisitions. During the fourth quarter investor presentation, Charif El-Ansari, Chief Executive Officer, said that ‘new product innovation, and a prime example of this is QuickBooks Online backup which we launched, and as I said monetization will start in calendar second quarter, early calendar second quarter, we continue shifting the market for high conviction accretive acquisitions. We're having several of those that we are in discussions with.

At the same time, we continue looking for high conviction, and we want to have full conviction actually before we deliver any acquisitions. We continue seeing the tailwinds, continue having a leading position in terms of the quality of the products that are being sold at a premium versus competition and also growing faster than the competition, continue growing the bench strength of the team, continue advancing high conviction accretive acquisitions, continue growing at about 2x of the market in terms of annualized recurring revenue'.