Oracle Expands Cloud Platform With Dyn Acquisition

By Trey WilliamsMarketsMarketWatch Pulse

Cloud services company Oracle Corp. on Monday said it reached an agreement to buy cloud-based internet performance and DNS provider Dyn Inc. Terms of the deal were not disclosed. The acquisition should provide a natural extension to Oracle's cloud computing platform, President of Product Development Thomas Kurian said in a statement. Dyn gives users faster access by monitoring, controling and optimizing internet applications and cloud services, according to a news release. Shares of Oracle were up slightly in premarket trade and are up more than 9% in the year to date, outperforming the S&P 500 Index , which is up nearly 7%.

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