DigitalOcean to Buy Web-Hosting Firm Cloudways for $350 Million

August 23, 2022

DigitalOcean Holdings Inc., a cloud services provider, agreed to acquire website-hosting firm Cloudways for $350 million in an all-cash deal. DigitalOcean will buy Malta-based Cloudways in a bid to pick up more small-and-medium sized business customers. The transaction is expected to close in September, and a “significant portion” of the $350 million will be paid over a 30-month period following the completion of the acquisition, DigitalOcean said Tuesday in a statement.