Oracle Announces Acquisition Of DynOracle says purchase of the recently DDoSed DNS service is aimed expanding the company's cloud computing platform.
Oracle Monday announced it is buying the New Hampshire-based internet management company Dyn which was recently a victim of a massive distributed denial of service (DDoS) attack, reports The Wall Street Journal (WSJ). The companies, however, did not disclose terms of the agreement.
With this deal Oracle aims to maximize revenue for its cloud customers by giving them access to “unique internet-performance data” even as it expands its cloud computing platform, adds WSJ.
Dyn operates domain name systems thus linking web addresses to servers and optimizing access speed. In May, the company raised $50 million from Pamplona Capital Management and in 2012 received $38 million investments from North Bridge Venture Partners.
Dyn has been in the news for last month’s DDoS attack on its servers which temporarily took down several popular websites.
Read full report on WSJ.
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