DigitalOcean Agrees to Buy Cloudways
New York – August 26, 2022 – Cooley advised DigitalOcean Holdings, the cloud for developers, startups, and small and midsize business (SMBs), on its agreement to buy Cloudways, a Pakistani-managed cloud hosting and software as a service provider, for $350 million. Lawyers Kevin Cooper and Bill Roegge led the Cooley team advising DigitalOcean.
The deal will expand DigitalOcean’s serviceable market within global SMBs and enhance options for digital agencies, ecommerce sites, bloggers, freelance developers and builders. The purchase also will increase DigitalOcean’s global employee base by 30% and add expertise in key growth areas that will continue to drive productivity and performance across the platform.
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 SMBs rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. The platform combines the power of simplicity, community, open source resources and support, so customers can spend less time managing their infrastructure and more time building innovative applications that drive business growth.
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