Oracle paid somewhere between $600 million and $700 million to acquire Dyn, a source close to the deal told Fortune. Earlier on Monday, Dan Primack reported that Oracle paid “north of $600 million” for the Manchester, N.H.-based company. Oracle and Dyn announced the deal, without financial details, Monday morning.
Dyn raised under $100 million in funding, making the $600 million low-end estimate a good haul. But Oracle was not the only suitor circling Dyn, which has an outsized presence in making sure thousands of web sites remain accessible. Dyn, the leading cloud-based Internet Performance and DNS provider that monitors, controls, and optimizes Internet applications and cloud services to deliver faster access, reduced page load times, and higher end-user satisfaction.
Dyn’s solution is powered by a global network that drives 40 billion traffic optimization decisions daily for more than 3,500 enterprise customers, including preeminent digital brands such as Netflix, Twitter, Pfizer and CNBC. Adding Dyn’s best-in-class DNS solution extends the Oracle cloud computing platform and provides enterprise customers with a one-stop shop for Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS).
“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. “Dyn’s immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform.”
“Oracle cloud customers will have unique access to Internet performance information that will help them optimize infrastructure costs, maximize application and website-driven revenue, and manage risk,” said Kyle York, Chief Strategy Officer, Dyn. “We are excited to join Oracle and bring even more value to our customers as part of Oracle’s cloud computing platform.”