A timely, if a little surprising, piece of M&A this morning from Oracle: the enterprise services company announced that it has acquired Dyn, the popular DNS provider that was the subject of a massive distributed denial of service attack in October that crippled some of the world’s biggest and most popular websites.
Oracle plans to add Dyn’s DNS solution to its bigger cloud computing platform, which already sells/provides a variety of Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) products and competes against companies like Amazon’s AWS.
Oracle and Dyn didn’t disclose the price of the deal but we are trying to find out. Dan Primack reports that it’s north of $600 million. We’ve also asked for a comment from Oracle about Dyn’s cyberattack, and whether the wheels were set in motion for this deal before or after the Mirai botnet took down a series of sites in October. Our guess is that it was likely before.
“We decline further comment,” is the response so far from a spokesperson to all our questions.
Oracle, of course, is no stranger to breaches itself: in August it was found that hundreds of its own computer systems were breached.
Dyn is not your average DNS provider: it powers some 3,500 customers’ sites and as Oracle describes it, it “drives 40 billion traffic optimization decisions daily for more than 3,500 enterprise customers.” Customers include Netflix, Twitter, Pfizer and CNBC among many others.Featured Image: Paul Sakuma/AP