DigitalOcean Buys Nimbella; Terms Not Disclosed

New York-headquartered DigitalOcean Holdings, Inc. (DOCN), a cloud computing platform, on Tuesday, said it acquired California-based Nimbella, a serverless platform provider. The financial terms of the transaction were not disclosed.

DigitalOcean aims to completely integrate Nimbella's serverless offering and launch its product under the DigitalOcean brand in the first six-month period of 2022.

With the recent acquisition, DigitalOcean also confirmed that there was no change to its previously issued guidance for the current fiscal.

The acquisition allows DigitalOcean to expand its capabilities into a rapidly growing function-as-a-service (FaaS) market and is expected to add an additional serverless compute offering to complement the company's existing Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) offerings, the acquirer said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. air travel industry is going through its worst crisis since the troubled travel time during the peek pandemic struggles, with thousands of flights across the country being cancelled or getting delayed. The aviation crisis, as millions are preparing to travel during the upcoming July 4th holiday weekend, is mainly attributed to the staffing issues at airlines, ... The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert for Siluriformes products imported by Carlstadt, New Jersey- based Grand BK Corp. The products were imported from Korea, a country ineligible to export Siluriformes products to the United States. Blount Fine Foods is recalling a limited amount of Panera at Home Southwest Corn Chowder citing undeclared wheat allergen, the U.S. Food and Drug Administration said. The recall involves a single lot of 16 oz. product with UPC Code 077958690812, lot number 042122-2K and "Use By" date of 6/30/22 that comes around 2,569 cases in total. The recall is limited to 1 SKU of 16 oz.
Follow RTT