Oracle announces acquisition of Dyn

Enterprise software giant, Oracle announced that it had acquired Dyn, the popular DNS provider that was the victim of a massive distributed denial of service attack in October that took down some of the world's biggest and most popular websites.

Oracle had pushed plans to add Dyn's DNS solution to its bigger cloud computing  platform, which already sold / provided a variety of Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) products and competes against companies like Amazon's AWS.

Financial details of the deal were not disclosed and according to some commentators it was more than $600 million. 

Oracle, of course, was no stranger to breaches itself and in August it was found that hundreds of its own computer systems were breached (See: Breach hits Oracle's payment terminal systems).

Dyn also powers some 3,500 customers' sites and according to Oracle, it ''drives 40 billion traffic optimization decisions daily for more than 3,500 enterprise customers,'' including Netflix, Twitter, Pfizer and CNBC among many others.

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

According to commentators, Oracle looked to enhance its own offerings with Dyn's expertise in monitoring, controlling, and optimising cloud-based internet applications and managing online traffic.

They say Oracle once a tech major was trying to reinvent itself by making its foray into cloud computing and compete with the likes of Google and Amazon.