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Stock impact report

OpenText (OTEX) Acquires Pillr to Boost Cybersecurity Offerings [Yahoo! Finance]

Open Text Corporation - Common Shares (OTEX) 
Last open text corporation - common shares earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.opentext.com/investor-relations
Company Research Source: Yahoo! Finance
The platform named Pillr is a cloud-based threat-hunting tool for Managed Service Providers (MSPs). Moreover, it sports a multi-tenant cybersecurity service model through which it can enable OpenText to offer services to multiple tenants using a shared infrastructure. Pillr specialises in delivering skilled cybersecurity solutions around the clock, every day of the year through its Security Operations Center (SOC) that uses technological expertise with human accountability. It uses on-premises SOC with tools and processes to handle threat detection and mitigation. The new acquisition will bolster OpenText's security offerings for its customers by filling skill gaps, skill shortages and easing alert fatigue. The integration of Pillr to OpenText's products will also help OTEX to enable API integrations and more efficient product bundling for MSPs. This will further help OpenText to have a strong foothold in small and medium business segment. The Pillr platform can handle vast amou Show less Read more
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