Dyn (company)


Dyn, Inc. is an Internet performance management and web application security company, offering products to monitor, control, and optimize online infrastructure, and also domain registration services and email products. The company was acquired by Oracle Corporation in 2016 and has operated as a global business unit of Oracle from 2017. It is due to retire on May 31, 2022.

History

Dyn was created as a community-led student project by Jeremy Hitchcock, Tom Daly, Tim Wilde and Chris Reinhardt during their undergraduate studies at Worcester Polytechnic Institute. Originally, Dyn enabled students to access lab computers and print documents remotely. The project then moved towards domain name system services. The first iteration was a free dynamic DNS service known as DynDNS. The project required $25,000 to stay open, and raised over $40,000.
The donation based model continued until 2002, and stopped with a launch of "donator-only" DNS services. Later, a premium service called the DynECT Managed DNS Platform became available in 2008., with the hiring of Kyle York, Gray Chynoweth and Cory von Wallenstein, as the business began to scale.
In 2011, Dyn opened an office in London, and it eventually moved its EMEA headquarters to Brighton. In the same year, Dyn opened its new headquarters in Manchester, New Hampshire, United States.
In October 2012, Dyn completed a Series A round of venture capital funding totaling US$ 38 million from North Bridge Venture Partners. Prior to the investment from North Bridge, the company had been self funded.
In August 2013, Dyn launched its annual geek summer camp event, a business conference for the Internet performance industry.
In April 2014, Dyn announced the discontinuation of its free hostname services effective May 7.
In September 2014, Dyn launched Dyn Internet Intelligence, a SaaS-based product.
In May 2016, Dyn obtained further equity funding of US$50 million from Pamplona Capital Management. Also in May 2016, Dyn launched its platform for internet performance management. Total funding of $100M.
In October 2016, Colin Doherty was appointed the company’s CEO.
The company scaled to approximately $100M in annual recurring revenue prior to exit.
On November 21, 2016, Dyn announced that it had agreed to be acquired by Oracle Corporation for 600 million USD.
In June 2018, Oracle released the Internet Intelligence Map, a free tool that provides data about worldwide Internet traffic and disruptions. The map uses the Internet Intelligence technology Oracle acquired from Dyn.
Oracle and Oracle Dyn continue to be a technology leader in the New Hampshire economy.
In June 2019, Oracle announced Dyn's Managed and Standard DNS services would be shutting down in 2020, with customers receiving a notice via email. The Standard DNS email received by customers included, "Oracle is announcing the end-of-life for the Standard DNS service in favor of the enhanced, paid subscription version on the Oracle Cloud Infrastructure platform. On May 31, 2020, the “EOL Date”, the Standard DNS will be retired and will no longer be available." Many customers publicly shared they would not be migrating to OCI. In addition, a large number of Dyn's Manchester, New Hampshire employees were laid off and the office space was put up for rent by the building owner. Many people were upset about this, specifically those who were early supporters receiving 'free for life' Standard DNS service which are not being honored on OCI DNS. "We truly appreciate your support throughout the years. While we are discontinuing the availability of services received at no-cost, you may be surprised by how affordable the DNS service is within OCI along with outstanding capabilities with this service."
A 2019 New Business Review article highlights the Dyn effect on the Manchester, New Hampshire economy and culture

2016 attack

On October 21, 2016, Dyn's networks were attacked three times with a distributed denial-of-service attack, causing major sites including Twitter, Reddit, GitHub, Amazon.com, Netflix, Spotify, Runescape, Quora, and Dyn's own website to become unreachable via the Uniform Resource Locator.

Dyn acquisitions