Oracle has signed a deal to buy DNS services provider Dyn for an undisclosed amount probably in the nine-figure range.
The software giant said it plans to integrate Dyn’s services into its existing cloud computing platform. For the moment, existing Dyn customers are unaffected.
Dyn provides distributed DNS resolution services mainly to the enterprise market, where it has about 3,500 customers.
But it also provides redundant DNS to some TLD registries, notably Uniregistry.
Knowing how ruthlessly opportunistic Oracle can be when it comes to M&A, I have to wonder how much impact the recent denial of service attack against Dyn had on the timing of the deal being signed.
Dyn customers including Twitter and Netflix found themselves inaccessible for millions of North American internet users a couple of weeks ago.
Customers that may have been reconsidering their DNS options following the downtime may feel more reassured now that Dyn is about to become part of a much larger company.
While the acquisition price was not disclosed, it’s certainly going to be in the hundreds of millions.
Just six months ago, Dyn received $50 million in venture capital, following on from a $38 million round in 2012.