Software giant Oracle today signed an agreement to acquire leading cloud-based internet performance and DNS provider, Dyn, for an undisclosed amount.
Dyn monitors, controls and optimizes internet applications and cloud services to deliver faster access, reduce page load times and higher end-user satisfaction. Its best-in-class DNS solution will extend Oracle’s cloud computing platform and provide enterprise customers with a one-stop shop for Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS).
Some of the world’s most popular websites were crippled in October when Dyn became the subject of a massive distributed denial of service attack. But that hasn’t dampened Oracle’s ambitions.
Thomas Kurian, President of Product Development at Oracle, believes that the new acquisition is immensely scalable and is a natural extension to cloud computing platforms.
“Oracle already offers enterprise-class IaaS and PaaS for companies building and running Internet applications and cloud services. Dyn is immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform,” said Kurian.
It provides enterprises 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.
It’s solution is powered by a global network that drives 40 billion traffic optimization decisions for customers daily.
It serves over 3,500 enterprise customers, including prominent digital brands such as Netflix, Twitter, Pfizer and CNBC.
Its Chief Strategy Officer, Kyle York, is of the opinion that Dyn, as part of Oracle’s cloud computing platform, will bring more value to customers.
“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” he said.
Dyn is Oracle’s 114th acquisition, according to CrunchBase, and it’s 9th acquisition in 2016. Other acquisitions included security startup Palerra, and NetSuite for $9.3 billion.
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