Database technology giant Oracle has announced plans to acquire Dyn, a New Hampshire-based company that operates a platform to optimize websites’ performance. It includes monitoring and controlling applications and infrastructure with data and analytics to reroute traffic. Terms of the deal were not disclosed.
Founded in 1998, Dyn says that eight of the top 10 internet services / retail companies in the Fortune 500 use its services, and the company raised a chunky $ 50 million back in May, taking its total funding to around $ 100 million.
Dyn’s DNS service acts as a bridge between human-readable domain names and IP addresses that the internet is able to understand. Today’s news comes a month to the day after mass internet disruption was caused by a DDoS attack on Dyn’s DNS service, affecting many of its big-name clients, such as the New York Times, Reddit, Twitter, Spotify, and eBay.
As a result of the acquisition, Oracle says it will extend its cloud computing platform and offer its enterprise clients a “one-stop shop” for Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS). “Oracle already offers enterprise-class IaaS and PaaS for companies building and running Internet applications and cloud services,” explained Thomas Kurian, president of product development at Oracle, in a press release. “Dyn’s immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform.”
Dyn represents Oracle’s ninth known acquisition in 2016.