Why the shares of the DigitalOcean could platform have risen in price

Cloud technology provider DigitalOcean Holdings, Inc. (DOCN) received a significant positive boost last week. Several factors supported the growth of quotations at once, including a promising acquisition. Like other growth stocks, the DOCN security rose along with the indices after the rates.

In addition, DigitalOcean announced the acquisition of the CSS-Tricks business for an undisclosed amount. This is a large learning platform aimed at developers of websites, applications and Internet services. The large CSS-Tricks knowledge base will significantly expand DigitalOcean’s offering for IT developers.

CSS-Tricks has about 6500 training materials and a database of over 30 thousand answers to various questions. The major capital of CSS-Tricks is a community of specialists who use the platform to exchange experience and search for specialized knowledge. DigitalOcean has already offered its services to CSS-Tricks users and as a result can get additional synergy through cross-sales.

For now, CSS-Tricks will remain a free service and will keep the existing functionality of voluntary remuneration of content creators. DigitalOcean creates a comprehensive ecosystem for developers of cloud and other IT infrastructure. In particular, the company offers cloud transformation services, website hosting and video services, solutions for the development of video games and mobile applications, could infrastructure for startups and much more. DigitalOcean has strong competitors in its core business areas, but the targeted market is growing fast enough to maintain high rates of revenue growth.