M&A Deal Summary

DigitalOcean Acquires Cloudways

On August 23, 2022, DigitalOcean acquired internet software and services company Cloudways for 350M USD

Acquisition Highlights
  • This is DigitalOcean’s 2nd transaction in the Internet Software and Services sector.
  • This is DigitalOcean’s largest (disclosed) transaction.
  • This is DigitalOcean’s 1st transaction in Malta.

M&A Deal Summary
Date 2022-08-23
Target Cloudways
Sector Internet Software and Services
Buyer(s) DigitalOcean
Deal Type Add-on Acquisition
Deal Value 350M USD

Target

Cloudways

St. Julians, Malta
Cloudways is a managed cloud hosting and software as a service (SaaS) provider for SMBs. Cloudways is based in St. Julians, Malta.

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Buyer(S) 1

Buyer

DigitalOcean

New York, New York, United States
Category Company
Founded 2012
Sector Internet Software and Services
Employees1,156
Revenue 693M USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 2 of 3
Country (Malta) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Nimbella

Santa Clara, California, United States

Nimbella is a serverless platform provider. Serverless computing removes the operational complexity in cloud-native environments for application developers as they create new applications and APIs, or modernize existing ones for their companies. Nimbella was founded in 2018 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 Paperspace

Brooklyn, New York, United States

Paperspace is a cloud platform for building and scaling AI applications. The company's customer use cases include deploying LLMs, fine-tuning Foundation Models, building the next ChatGPT, harnessing generative media, and many more. It helps individuals and businesses to explore new models with Notebooks, automate training with Workflows, and bring their applications to life with Deployments. Paperspace was founded in 2014 and is based in Brooklyn, New York.

Buy $111M
Mergr

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