DigitalOcean completes $350M cash acquisition of Cloudways, closing Sept 1, 2022

DigitalOcean Holdings, Inc.

Acquired Cloudways Ltd. for $350M in cash, subject to customary purchase price adjustments.
Acquisition broadens DigitalOcean's managed cloud hosting and SaaS capabilities for SMBs.
CEO Yancey Spruill emphasized faster scaling and simplified cloud for builders.
Transaction closed on September 1, 2022; press release issued September 8, 2022.

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