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DigitalOcean To Acquire Cloudways
DigitalOcean has entered into an agreement to acquire Cloudways for $350 million in cash, one of the leading managed cloud hosting and software as a service (SaaS) providers for SMBs.
Cloudways Acquisition
„SMBs represent more than 50% of global gross domestic product (GDP) and spend $70 billion on cloud infrastructure today. With this acquisition, we are making it easier to launch, build and scale a business on DigitalOcean.“
– Yancey Spruill, CEO at DigitalOcean
Both companies have been very close partners since 2014, with Cloudways currently using DigitalOcean’s infrastructure for around 50% of its customers.
Cloudways will remain a standalone business. Aaqib Gadit, co-founder and CEO of Cloudways, said there will be no changes for customers to their service, account, price or hosting.
DigitalOcean will acquire not only Cloudways’ technology and platform, but also its talented team, expanding its global workforce by 30%. They intend to close the acquisition in September 2022.
New Powerful DO Droplet Plan
DigitalOcean also introduced a new CPU-Optimized Droplet plan with 48 vCPUs and 96 GB of memory which is available for Droplets and Kubernetes nodes. Note that existing Droplets can be resized to this node plan.
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