Home Web hosting DigitalOcean Completes Acquisition of Cloudways

DigitalOcean Completes Acquisition of Cloudways

by Lottar

NEW YORK–(BUSINESS THREAD)–DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for developers, startups and SMBs, today announced its $350M acquisition of Cloudways, a leading managed cloud hosting and software as a service (SaaS) provider for small to medium-sized businesses (SMBs). .

“The acquisition immediately strengthens our ability to enable builders to get their ideas onto the Internet, launch a business quickly, and grow and scale effortlessly,” said Yancey Spruill, CEO at DigitalOcean. “In addition, we are excited to join forces with the entire Cloudways team and together we will continue our mission to simplify cloud computing so that builders can spend more time creating software that changes the world.”

“Managing multiple e-commerce stores requires secure, fast and flexible hosting. We know that, but we’re not server experts. By moving to Cloudways and DigitalOcean, we not only got the speed and flexibility we needed for our eCommerce stores, we also got a highly intuitive and easy-to-use interface, easy server scaling, 1 -click setup environments, along with world-class support,” says Jens Madsen, partner at www.heatxperts.com.

For more information about DigitalOcean, visit https://www.digitalocean.com.

About DigitalOcean

DigitalOcean simplifies cloud computing so builders can spend more time creating 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. For more information, visit digitalocean.com or follow @digitalocean on Twitter.

Forward-looking statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by their use of terms and phrases such as “anticipate”, “activate”, “anticipate”, “will”, “believe”, “continue” and other similar terms and phrases. The outcome of the events described in these forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including those factors contained in the “Risk Factors” section of our SEC filings. It is not possible for us to predict all risks and uncertainties that may have an impact on the forward-looking statements contained in this release. The results, events and circumstances contained in the forward-looking statements statements are reflected may not be achieved or occur.

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