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Announced

Completed

DigitalOcean completed the acquisition of Cloudways for $350m.

Financials

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Transaction Value£296m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

cloud hosting

Single Bidder

Cross Border

Majority

Malta

Private

Acquisition

Data Centers and Hosting

Completed

Synopsis

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DigitalOcean, a cloud infrastructure provider, completed the acquisition of Cloudways, a cloud hosting company, for $350m. “SMBs represent more than 50% of global gross domestic product and spend $70bn on cloud infrastructure today. With this acquisition, we are making it easier to launch, build and scale a business on DigitalOcean,” Yancey Spruill, DigitalOcean CEO.

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