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  • Dyn Secures $50 Million in Funding to Expand Global Internet Performance

    Dyn Secures $50 Million in Funding to Expand Global Internet Performance

    Dyn, the worldwide leader in Internet Performance Management (IPM), announced today that it has secured $50 million in Series B equity funding from Pamplona Capital Management, a leading global private equity firm. This investment will strengthen Dyn’s global go-to-market growth strategy and enable accelerated product development. Additionally, Dyn also announced the public launch of its new platform that will help solve the significant challenges associated with operating critical business applications and infrastructure in the cloud.  

    “Internet Performance Management is a requirement for global Enterprises as companies leverage the Internet for mission-critical delivery of their business,” said Dyn CEO and co-founder Jeremy Hitchcock. “We have developed the capabilities to provide unique insights and ability to optimize Internet performance through managing the digital supply chain of information flows. Pamplona’s investment demonstrates a strong commitment to executing on the multi-billion-dollar opportunity and driving an aggressive, industry-leading go-to-market strategy and set of platform capabilities.”

    Dyn’s Platform for IPM offers IT professionals unparalleled transparency across the Internet, as well as traffic management tools that allow them to reroute their Internet-based assets as necessary, optimizing costs and improving response time and availability.

    Dyn helps leading global businesses, like Pfizer, Visa, Netflix, Twitter and many more, address their Internet Performance needs. Samir Jafferali, Edge Performance Site Reliability Engineer, LinkedIn, said, “Dyn’s IPM solutions are the first network service every single one of our members use when visiting our site. These solutions have made them a trusted partner as we continue to improve and optimize performance across our global networks.”

    Dyn also continues to add new Enterprise customers each quarter. In fact, eight of the top 10 Internet Services / Retail companies and six of the top 10 Entertainment companies in the Fortune 500 use Dyn. These customers recognize the economic benefits that come with embracing the cloud and the need for mitigating the myriad of risks that come with it. Dyn’s Platform delivers the one-stop visibility, analytics and control enterprises need to reliably make the Internet a competitive asset for their business.

    Supporting enterprise migration to the cloud has allowed Dyn to grow its revenue by more than 70 percent in the last two years and the Internet Performance Management company expects to surpass $100 million in Annual Recurring Revenue later this year. Yet, there is still much room to grow. IDC identifies Dyn’s market opportunity within the System Infrastructure Software as a Service market, which they estimate will reach more than $10B next year growing at a CAGR of 28 percent through 2019.

    Robert Mahowald, Group VP, Applications and Cloud Business Models at IDC, recently stated that, “The dynamics leading to Enterprise multi-cloud adoption and diversification present challenges for edge performance and governance, and strong opportunities for companies with Internet Performance Management solutions. The platform approach Dyn is taking gives its customers a plug-and-play solution to make the most of their cloud configurations. It has tremendous potential for any Enterprise CIO, which is why I think Internet Performance Management is an exciting evolution in how Enterprises will secure and mobilize their important cloud applications and data.”

    Pamplona’s investment in Dyn represents its inaugural investment for a new $1 billion U.S.-based Growth Equity fund focused on technology, media and telecommunications investments. As part of Pamplona’s investment, Justin Perreault, a partner, has joined Dyn’s Board of Directors.

    “Dyn has built a strong franchise based on running the fundamental and critical Internet infrastructure needs for its brand name customers,” said Perreault. “With a track record of substantial growth, a burgeoning IPM market opportunity and a strong results-orientated management team, Dyn provides a unique and exciting investment opportunity for Pamplona as we grow our U.S. investment presence.”

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  • Dyn Evolves Internet Performance Space with Launch of Internet Intelligence

    Dyn Evolves Internet Performance Space with Launch of Internet Intelligence

    As Singapore gears up to become the world’s first Smart Nation, keeping communities and businesses connected to the Internet is crucial to support better living and working. Likewise, companies are beginning to realise that the performance of the Internet has an impact on their website, app or service and eventually, customer experience, reputation, and revenue. Dyn, the worldwide leader in Internet Performance, announced today availability of Internet Intelligence (II), a SaaS-based product that provides companies with a new and unique view of the Internet by looking at performance between a company’s customers and its Internet assets.

    “The variabilty of the Internet is both good and bad. Every path will eventually have problems, but there are many paths to choose from. Companies need to monitor their options constantly and play the optimisation game. The belief that Internet performance is uncontrollable is a myth. Although the Internet is an unpredictable and complex space, Internet Intelligence allows companies for the first time to monitor, alert and plan for their complex Internet Infrastructure from a single platform,” said Martin Ryan, Vice President and Managing Director Asia Pacific at Dyn.

    As an increasing number of companies migrate to the cloud, the ability to mitigate risk and control cloud becoming a business imperative.

    Almost 40% of organisations in Singapore are using cloud computing; while more than 35% are planning or implementing cloud strategies.

    II enhances availability, reachability, and performance

    Internet Intelligence is a vendor-agnostic SaaS offering that shows a company’s full global cloud provider, Content Delivery Network (CDN) and data centres on one dashboard, allowing IT executives to see how real-time availability, reachability, and performance issues impact their own customers. By alerting issues directly in the dashboard or via email, companies of all sizes and IT sophistication can quickly isolate and fix small issues before they become costly problems.

    “Distil Networks blocks malicious bots from disrupting many of the world’s top websites. To keep companies safe, we need visibility and continuous monitoring of key peering relationships and providers that our customers use,” said Engin Akyol, CTO of Distil Networks. “Dyn’s Internet Intelligence goes beyond anything else on the market because it pinpoints the exact location of an external network issue and allows us to mitigate the situations before they become larger problems.”

    For example:

    • Availability — An hour of downtime costs the average business US$163,000. For a large enterprise, like a consumer streaming movie service, it’s estimated that a recent 42-minute outage cost in excess of US$500,000. Internet Intelligence detects outages and performance problems and directs how to reroute traffic so the effect is minimised or unnoticed for customers.

    Through a consolidated single view across all Internet assets, II allows companies to accurately manage and deploy to their cloud providers, identify issues in real-time while performing root cause analysis of problems and effects and create plans for how to improve and expand their Internet infrastructure – all of which benefit the end-user experience with Managed DNS is increasing focus on cloud computing in Asia Pacific, with 58.6% of organisation decision-makers

    A study conducted by Frost & Sullivan has found identifying it as their #1 priority in the next 12 months.

    • Reachability — Just because a company’s infrastructure is reporting that it is available, this doesn’t mean that customers can reach it. Reachability – whether customers can actually reach your Internet assets – needs to be monitored. In cases where a business is using a single cloud instance, an outage or failure will have a detrimental impact on reachability – and unless businesses are monitoring their reachability and mitigating for failures, they have little choices for rerouting if a disruptive event occurs.
    • Performance — Many businesses use CDNs to accelerate web page load. Amazon calculated that a slowdown of just one second can cost US$1.6 billion in sales per year, 7 percent of annual revenue. Businesses need to quickly recognise Internet inefficiencies and outages to avoid accumulating latencies. II’s real-time dashboard alerts companies when routes rise above expected traffic thresholds for cloud providers, CDNs and data centres to find the root cause of the issue. For CDNs, II also ranks a company’s selected CDN against others so they can choose a better option if available.

    “The recent outages at AWS East and Skype remind us that all Internet assets are vulnerable to variability, and downtime and poor performance can be very costly,” said Robert Mahowald, IDC VP Cloud and SaaS. “Dyn’s Internet Intelligence offerings allow companies to have constant vigilance and employ self-healing Internet Performance strategies that can mitigate the risk of the dynamic Internet.”

    When Internet Intelligence is combined with Dyn’s Traffic Management product for load balancing and geographic routing, companies can make changes to the routes of their traffic, allowing them to provide their customers with the best experience possible.

    II is the newest product within Dyn’s Internet Intelligence product suite, which has been heavily adopted by service providers and some of the largest enterprises, like Visa, TripAdvisor and Ancestry.com.

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