Oracle Corp. on Monday announced it had signed an agreement to acquire 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 high end-user satisfaction.

“The proposed transaction is subject to customary closing conditions. Until the transaction closes, each company will continue to operate independently,” the company writes in a statement.

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).

The Dyn team brings significant knowledge and capabilities to Oracle and will further extend the value Oracle Cloud brings to market.

Source: Oracle Newsroom