Oracle (ORCL) Will Be Buying This Huge Company
Author By Sophia VidaPosted on Oracle Corp. had some big news on Monday. The company is rapidly building out its cloud-computing business and just announced it will be buying web-service provider Dyn.
Dyn operates domain-name systems that help direct traffic across the internet.
According to Oracle, the deal will give its clients access to internet performance data, such as how quickly web pages load, that could help them optimize infrastructure costs. Oracle said it plans to weave Dyn’s technology into its own offerings, though it offered no specifics.
The terms of the deal are undisclosed.
Back in October, Dyn had been the victim of a huge internet attack. The company said it had seen traffic coming from “tens of millions” of internet addresses. The attack rendered several widely used sites including Netflix, Twitter, PayPal, Airbnb and many others unreachable for parts of a day.
Disclaimer: We have no position in Oracle Corporation (NYSE: ORCL) and have not been compensated for this article.
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