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11/22/2016
01:00 PM
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Oracle Announces Acquisition Of Dyn

Oracle 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.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

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hewenthatway
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hewenthatway,
User Rank: Strategist
11/24/2016 | 12:28:01 AM
wow
I'm curious what oracle in going to name its new business unit; something that hasnt been tarnished by a recent massive dos...

perhaps "dark star", likely to collapse or explode
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