Oracle to buy web service provider Dyn, following massive cyberattack
Oracle has signed an agreement to acquire cloud-based internet performance and DNS provider, Dyn, the technology giant announced Monday. Financial terms were not disclosed.
Manchester, N.H.-based Dyn monitors, controls and hosts some of the largest and most popular websites, such as Spotify, Twitter, Netflix and CNBC. It performs 40 billion daily traffic optimization decisions for 3,500 customers.
The Dyn acquisition will extend the company's cloud computing platform to include Infrastructure-as-a-Service and Platform-as-a-Service, officials said. Oracle already offers IaaS and PaaS applications, but the addition of Dyn will extend those services.
Officials are currently reviewing Dyn's existing format and will provide updated guidance to customers in regards to its communication policies, officials said.
"Dyn's immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform," said Thomas Kurian, president, product development at Oracle, in a statement.
"Oracle cloud customers will have unique access to internet performance information that will help them optimize infrastructure costs, maximize application and website-driven revenue and manage risk," Kyle York, Dyn's chief strategy officer said in a statement. "We're excited to join Oracle and bring even more value to our customers as part of Oracle's cloud computing platform."
In September, Oracle released its second-generation IaaS data centers to increase its presence in the cloud market.
Dyn made headlines in October after a massive DDoS attack directed from millions of IoT devices that shut down access to some of the biggest websites, including Netflix, Twitter, Spotify, and The New York Times. The event was one of the largest DDoS outages ever reported.