Following DigitalOcean’s acquisition of Cloudways for $350 million in September this year, DigitalOcean has appointed Aaqib Gadit as Chief Revenue Officer (CRO). Mr. Gadit is a serial entrepreneur and co-founder of Cloudways and is confident that DigitalOcean will reach its ambitious revenue goal of $1 billion by 2024.
As CRO, Aaqib Gadit will be responsible for all go-to-market efforts directly connected to revenue-generating activities for DigitalOcean.
“The move to add a CRO structure is a reflection of our success building a $650+ million annual recurring revenue business to date and speaks to our confidence in the large market opportunity in the next phase of growth,” said Yancey Spruill, CEO at DigitalOcean. “As we focus on enabling our customers’ growth, Aaqib’s deep knowledge of SMB customers makes him very uniquely-suited to drive our go-to-market activities as we build a business poised for growth to $1 billion in revenue and beyond.”
Focus on Global SMBs
As a serial entrepreneur, Aaqib Gadit brings expertise in product, technology, growth, customer support, and customer success. Since 2008, he has founded numerous businesses in the infrastructure, open source, and Software-as-a-Service (SaaS) sectors.
“I’m thrilled to be stepping into this role and working even more closely with our executive team to streamline and scale DigitalOcean’s limitless revenue opportunities while maintaining our focus on global SMBs,” said Aaqib Gadit. “Both DigitalOcean and Cloudways have become beloved names in the cloud space by being values-driven, focused on our customers, and removing the complexity of the cloud. By remaining true to these principles, I am confident in our collective ability to reach and surpass our goal of $1 billion in revenue in 2024.”