secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2022-08-23T23:59:59+00:00
Accession:  0001582961-22-000040
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000158296122000040/0001582961-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000158296122000040/docn-20220819.htm
  HTML page:      https://secwatch.observer/filing/0001582961-22-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer