Oracle to Buy Web Service Provider Dyn

Oracle to Buy Web Service Provider Dyn

Oracle recently announced that it has signed an agreement to acquire Dyn, a cloud-based Internet performance and DNS provider, to extend the Oracle cloud computing platform and provide customers with 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,” 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 software giant paid between $600 million and $700 million to acquire Dyn, according to Fortune.com.

Earlier on Monday, Dan Primack reported that Oracle paid “north of $600 million” for the Manchester, N.H.-based company. Oracle and Dyn announced the deal, without financial details, Monday morning.

“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, Chief Strategy Officer, Dyn. “We are excited to join Oracle and bring even more value to our customers as part of Oracle’s cloud computing platform.”

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