Home Web hosting DigitalOcean boosts web hosting offering with $350m Cloudways acquisition

DigitalOcean boosts web hosting offering with $350m Cloudways acquisition

by Lottar


DigitalOcean (opens in new tab) she elaborated web hosting (opens in new tab) capabilities through the acquisition of cloud hosting firm, Cloudways.

The company says the $350 million deal will help businesses looking for easier ways to build and scale their digital footprint.

The pair have been working together since 2014, with the cloud hosting (opens in new tab) company that uses DigitalOcean infrastructure to power approximately 50% of its customers.

Transaction for SMBs

Maltese firm Cloudways (opens in new tab) provides onboarding management tools for SMBs looking to outsource their ramp to the Internet.

“We have been working closely with the DigitalOcean team since 2014 and are now incredibly excited to officially be part of the company,” said Aaqib Gadit, Co-Founder and CEO at Cloudways.

“SMBs love simplicity, performance, predictability, affordability and excellent support. Together with DigitalOcean, we can strengthen our mission to help SMBs grow through our cloud offerings.”

DigitalOcean plans to expand its services with the Cloudways deal, which will include increased options for digital agencies, e-commerce sites, blog sites, freelance developers, website builders (opens in new tab) host to WordPress (opens in new tab)PHP and Magento (opens in new tab).

“SMBs represent more than 50% of global gross domestic product (GDP) and spend $70 billion on cloud infrastructure today. With this acquisition, we’re making it easier to launch, build and scale a business on DigitalOcean,” said Yancey Spruill, CEO at DigitalOcean.

“Cloudways and DigitalOcean share values ​​around simplicity, community, openness and support which are essential features of how we differentiate in the market. Together, we will be focused on providing a simple, easy, intuitive and reliable platform to better serve SMBs so they can build their businesses and pursue their dreams of entrepreneurship.”

In addition to expanding DigitalOcean’s technology and tools, the acquisition of Cloudways will also increase the company’s global workforce by 30%.

“SMBs represent more than 50% of global gross domestic product (GDP) and spend $70 billion on cloud infrastructure today. With this acquisition, we’re making it easier to launch, build and scale a business on DigitalOcean,” said Yancey Spruill, CEO at DigitalOcean.

“Cloudways and DigitalOcean share values ​​around simplicity, community, openness and support which are essential features of how we differentiate in the market. Together, we will be focused on providing a simple, easy, intuitive and reliable platform to better serve SMBs so they can build their businesses and pursue their dreams of entrepreneurship.”

The deal is expected to close in September 2022, with DigitalOcean forecasting Cloudways to contribute between $13 million and $15 million in revenue in fiscal 2022.



Source link

Related Posts

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy