Oracle Acquires Dyn to expand its Cloud Computing Platform
“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,” said Kyle York, Dyn’s chief strategy officer, said in a statement. “We are excited to join Oracle and bring even more value to our customers as part of Oracle’s cloud computing platform.”
The DNS provider was in news recently for being a victim of cyberattack. Major Internet platforms and services were unavailable and major portions of the internet, including popular sites such as Twitter and Netflix were shut down as a result of multiple denial-of-service attacks (DoS attacks), which targeted systems operated by Domain Name System (DNS) provider Dyn.
Besides being a DNS provider, Dyn serves more than 3,500 enterprise clients, providing them with the ability to monitor, control, and optimize internet applications and cloud services to deliver faster access, reduced page load times, and higher end-user satisfaction.
“Oracle already offers enterprise-class IaaS and PaaS for companies building and running Internet applications and cloud services,” said Thomas Kurian, president, product development, Oracle. “Dyn’s immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform.”
The Dyn acquisition will help Oracle build a more integrated cloud computing platform and address all of those challenges. Dyn will also help Oracle build more responsive applications for Internet of Things services. Dyn also provides Oracle with the technology to route internet traffic in real time to optimize network availability, security and performance for enterprise clients.
Though the companies haven’t revealed the cost of the acquisition, reports in the media indicate the price tag was more than $600 million.