OpenText Buys Cybersecurity MDR Platform [Yahoo! Finance]
Open Text Corporation - Common Shares (OTEX)
Last open text corporation - common shares earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations:
investors.opentext.com/investor-relations
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Source: Yahoo! Finance
WATERLOO, ON May 22, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has purchased Pillr, an MDR platform from Novacoast, Inc. Pillr technology is a cloud native, multi-tenant MDR platform for Managed Service Providers (MSPs) that includes Managed Detection and Response and powerful threat-hunting capabilities. This combination of Pillr technology and OpenText security expertise provides enhanced threat hunting, monitoring, and response for customers where skill gaps, skill shortages, and alert fatigue create a significant need today. The acquisition accelerates OpenText's Cybersecurity product roadmap to offer key features including API integrations and product/pricing bundling for MSPs seeking a comprehensive solution to protect, detect and respond to cybersecurity threats. "We are pleased to welcome Pillr customers and employees to OpenText", said Mark J. Barrenechea OpenText CEO & CTO. "Cyber threats continue to rise fast and
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News
- Open Text Co. (NASDAQ: OTEX) had its price target lowered by analysts at Citigroup Inc. from $37.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
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OTEX
Earnings
- 5/2/24 - Beat
OTEX
Sec Filings
- 5/15/24 - Form 8-K
- 5/8/24 - Form 8-K
- 5/2/24 - Form 10-Q
- OTEX's page on the SEC website