DigitalOcean to acquire Cloudways for $350M cash; close expected in Sept 2022

DigitalOcean Holdings, Inc.

$350M cash consideration; significant portion deferred over 30 months post-closing.
Cloudways expected to generate >$52M revenue in FY2022, 3-year CAGR >50%.
Acquisition to be accretive to revenue growth; neutral to FY2022 operating profit and FCF margins.
Combined company to serve over 124,000 customers paying >$50/month (~84% of pro forma revenue).
DigitalOcean's global employee base to increase by 30%; adds expertise in key growth areas.

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