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Dyn Acquired by Oracle

Oracle this morning announced agreement to acquire Dyn, leading cloud-based Internet Performance and DNS provider. Dyn, which recently gained substantial media attention as a result of a historic cyberattack, drives 40 billion traffic optimization decisions daily for more than 3,500 enterprise customers, including preeminent digital brands such as Netflix, Twitter, Pfizer and CNBC. With the acquisition, Oracle says it will extend its cloud computing platform and provide enterprise customers with a one-stop shop for Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS).

There are no official announcements on the sale price however Dan Primack says it is just north of $600 million. Primack adds, “takeover talks between Oracle and Dyn began ‘well before’ the DDoS attack ... the incident had ‘no impact’ on the sale price but ‘was a good test of the system’s resilience as it was able to withstand the largest attack in history.’”

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

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