DigitalOcean Acquires Serverless Platform Provider Nimbella
September 07 2021 - 8:00AM
Business Wire
Acquisition expands DigitalOcean’s current PaaS
offerings to maximize developer productivity
DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for
developers, startups and SMBs, today announced the acquisition of
Nimbella, a serverless platform provider. The acquisition expands
DigitalOcean’s capabilities into the rapidly growing
function-as-a-service (FaaS) market and will add an additional
serverless compute offering to complement the company’s existing
Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS)
offerings, which target developers in small and medium-sized
businesses (SMBs).
Serverless computing removes the operational complexity in
cloud-native environments for application developers as they create
new applications and APIs, or modernize existing ones for their
companies. Serverless enables rapid development and deployment,
allowing businesses to significantly reduce development costs and
increase productivity without sacrificing performance to support
their use case.
Nimbella was designed specifically to address the challenges
developers face in adopting serverless computing. Nimbella builds
on Kubernetes and Apache OpenWhisk, both of which are mature
production-ready open source projects. Nimbella supports the needs
of event-based and long-running applications, as well as more
complex use cases that utilize artificial intelligence and machine
learning. Earlier this year, Nimbella was named a Strong Performer
in The Forrester Wave™: Function-As-A-Service Platforms, Q1
2021.
“Serverless computing is the next evolution of cloud that
further removes the need for developers to manage complex
infrastructure. We are excited to have Nimbella join DigitalOcean
to address specific needs often requested by our customers and
fills a gap in the current serverless offerings in the market,”
said Yancey Spruill, CEO at DigitalOcean. “People want to access
the benefits of serverless capabilities without a significant
learning curve and they want functionality and pricing that is easy
to understand and predictable. Nimbella provides all of this with
the same simplicity and open source software standards that are
core value propositions for DigitalOcean.”
“Our mission has been clear since the beginning—to build a
serverless platform that unlocks the power and capabilities of the
cloud for developers of all skill sets. This in turn allows new
applications and APIs to be created faster, more securely and more
economically. Joining DigitalOcean provides us a tremendous
opportunity to accelerate this vision,” said Anshu Agarwal, CEO of
Nimbella. “We are looking forward to integrating the Nimbella
serverless platform with DigitalOcean's core services and products
and empowering developers and SMBs to build and scale their cloud
applications and APIs with the same ease and simplicity they have
come to expect from DigitalOcean.”
Terms of the transaction were not disclosed and there is no
change to DigitalOcean’s 2021 financial outlook as a result of the
acquisition. DigitalOcean plans to fully integrate the Nimbella
serverless offering and launch the product under the DigitalOcean
brand in the first half of 2022.
For more information on DigitalOcean, visit
https://www.digitalocean.com.
About DigitalOcean
DigitalOcean simplifies cloud computing so developers and
businesses can spend more time building software that changes the
world. With its mission-critical infrastructure and fully managed
offerings, DigitalOcean helps developers, startups and small and
medium-sized businesses (SMBs) rapidly build, deploy and scale
applications to accelerate innovation and increase productivity and
agility. DigitalOcean combines the power of simplicity, community,
open source, and customer support so customers can spend less time
managing their infrastructure and more time building innovative
applications that drive business growth. For more information,
visit digitalocean.com or follow @digitalocean on Twitter.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements may be identified by
their use of terms and phrases such as “anticipate,” “enable,”
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forward-looking statements is subject to known and unknown risks,
uncertainties and other factors that could cause actual results to
differ materially from the results anticipated by these
forward-looking statements, including those factors contained in
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for us to predict all risks and uncertainties that could have an
impact on the forward-looking statements contained in this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210907005248/en/
Media Contact Shannon Paulk press@digitalocean.com
Investors Contact Rob Bradley
investors@digitalocean.com
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