Tech giant Oracle has announced its plans to acquire Dyn, a New Hampshire-based company that operates a platform to optimize websites’ performance. Dyn’s platform offers a variety of services, including monitoring and controlling applications and infrastructure with data and analytics to reroute traffic. The terms and monetary conditions of the deal are yet to be disclosed.
Dyn, founded back in 1998, counts eight of the top 10 internet services in the Fortune 500, as its clients. The company raised $50M to help companies optimize their Internet performance in May 2016, taking its total funding to around $100 million. This amount was raised entirely from Pamplona Capital Management, which is a private equity firm based out of London and New York.
Dyn operates in a variety of methods and areas. For example, the company’s DNS services distributes Internet databases that map human-readable names to IP addresses, allowing people to reach the correct online service (website, application, etc.) when entering a URL. For example, the domain name dyn.com translates to the IP address of 18.104.22.168.
Dyn’s acquisition comes a month after the news of mass Internet disruption that was caused by a DDoS attack on the company’s DNS service, affecting many of its big-name clients, such as the New York Times, Reddit, Twitter, Spotify, and eBay. The services went down for a while across a large swathe, only to be restored later after Dyn engineers managed to successfully tackle and resolve the issue.
Oracle said that the acquisition will widen its cloud computing platform and offer its clients a “one-stop shop” for Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS).
Oracle already offers these services, however, taking Dyn on-borad will enable the company to further refine its offerings.
Thomas Kurian, President, product development, Oracle, said,
Oracle already offers enterprise-class IaaS and PaaS for companies building and running Internet applications and cloud services. Dyn’s immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform.
Also, Oracle cloud customers will have unique access to Internet performance information that will let them optimize infrastructure costs, maximize application and website-driven revenue, and manage risk — thus increasing the usefulness of the platform.
Speaking on the topic, Kyle York, Chief Strategy Officer, Dyn, said
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. We are excited to join Oracle and bring even more value to our customers as part of Oracle’s cloud computing platform.