DigitalOcean - M&A Summary and Business Overview

Internet Software And ServicesCompany

DigitalOcean M&A Summary

DigitalOcean has acquired 3 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.

DigitalOcean’s largest acquisition to date was in 2022, when it acquired Cloudways for $350M. DigitalOcean has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include internet software and services (100%).

DigitalOcean Business Overview

Where is DigitalOcean headquartered?

DigitalOcean is headquartered in New York, New York.

What is DigitalOcean’s revenue?

DigitalOcean disclosed revenue of 693M USD for 2023 and 576M USD for 2022.

How many employees does DigitalOcean have?

DigitalOcean has 1,156 employees.

What sector is DigitalOcean in?

DigitalOcean is an internet software and services company.

When was DigitalOcean founded?

DigitalOcean was founded in 2012.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1

DigitalOcean

DigitalOcean Holdings, Inc.

101 6th Avenue,
New York, New York 10013
United States,
(646) 827-4366
www.digitalocean.com

DigitalOcean simplifies cloud computing so developers and businesses can spend more time building software that changes the world. With its mission-critical infrastructure and fully managed offerings, DigitalOcean helps developers, startups and small and medium-sized businesses (SMBs) rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. DigitalOcean combines the power of simplicity, community, open-source, and customer support, so customers can spend less time managing their infrastructure and more time building innovative applications that drive business growth. DigitalOcean was founded in 2012 and is based in New York, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # - - 1 1 1 - 3
vol $350M $111M $461M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Paperspace Co. 2023-07-06 111M USD Add-on Acquisition
Brooklyn, New York · www.paperspace.com
Cloudways Ltd. 2022-08-23 350M USD Add-on Acquisition
St. Julians, Malta · www.cloudways.com
Nimbella, Inc. 2021-09-07 - Add-on Acquisition
Santa Clara, California · www.nimbella.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 3 (100%) 461M (100%) - -
Total 3 $461M - -

By Geo

State/Country Buy Value Sell Value
United States 2 111M - -
  New York 1 111M - -
  California 1 - - -
Malta 1 350M - -
Domestic 2 (67%) 111M (24%) - -
Cross-border 1 (33%) 350M (76%) - -
Total 3 $461M - -

Deal Values

buy # Total
$100M to $1B 2 $461M
TOTAL $461M
Largest Cloudways Ltd.
$350M (2022-08-23)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)

Company Summary

SECTOR

Internet Software and Services

Revenue

693   21% 2023
576   35% 2022
429   35% 2021
318   25% 2020
255   26% 2019
203   2018
(millions of USD) Show More Show Less

Employees

1,156

Established

2012

Public

NYSE: DOCN

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