DigitalOcean has announced that it will be renaming its "Managed Database with Redis" product to "Managed Caching", following Redis's updated trademark policy. As of March 20, 2024, all upcoming Redis versions will be released under source-available licenses, and the product will no longer be distributed under the three-clause BSD license. The change in name does not affect the services or functionality provided by Managed Caching, which remains a robust, scalable, and fully-managed database engine for growing digital businesses. Customers do not need to take any action to continue using the service, and it continues to offer automated backups, updates, and monitoring, as well as high availability, automatic failover, and predictable pricing.