Oracle acquires DNS solutions provider Dyn to boost its cloud computing platform

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Oracle acquires DNS solutions provider Dyn to boost its cloud computing platform

Oracle continued its acquisition tear with the buyout of DNS provider Dyn, which received national attention in October following a massive DDoS attack that prompted widespread internet outages.

Oracle plans to leverage Dyn's cloud-based internet performance and DNS technology to boost its own cloud computing platform, according to Thomas Kurian, president of product development for Oracle.

"Oracle already offers enterprise-class IaaS and PaaS for companies building and running internet applications and cloud services,” Kurian said in a statement.

"Dyn's immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform."

Financial terms of the deal were not disclosed.

Dyn owns solutions that power more than 3500 customers' sites and drive 40 billion traffic optimisation decisions daily, according to the Oracle statement. Dyn customer's includes the likes of Netflix, Twitter, Pfizer and CNBC.

On 21 October, Dyn said its server infrastructure was the target of a massive distributed denial-of-service (DDoS) attack that impacted its Managed Domain Name Servers (DNS) customers, which hit the east coast of the US hardest. Popular websites that rely on Dyn's traffic management and optimisation services – such as Spotify, Netflix and Github – experienced issues or went down temporarily. The attack led to the blockage of more than 1200 websites.

The DDoS attack was launched through internet of things consumer devices such as video recorders, webcams and routers that overwhelmed servers at Dyn. The attack shed light on the lack of security in the emerging IoT market.

Dyn's stock took a dramatic hit after the attack and has yet to fully recover. Shares on 20 October stood at US$12.90, but had fallen to US$7.34 by 2 November. Today, Dyn shares were trading at US$9.03 as of 9:30am and are rising after the acquisition announcement.

Oracle has stepped up its acquisitions as the year winds to a close. In September, the cloud giant bought cloud access security brokerage startup Palerra, as well as SaaS-based warehouse management specialist LogFire. The values of those deals were also not disclosed.

Earlier this month, Oracle completed a blockbuster acquisition of NetSuite for $9.3 billion in cash.

This article originally appeared at crn.com

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