OpenText Corporation has acquired managed detection and response (MDR) platform Pillr from Novacoast for an undisclosed sum. The acquisition is part of OpenText's strategy to accelerate its cybersecurity product roadmap. Pillr is a cloud-native, multi-tenant MDR platform designed for MSPs and includes capabilities for threat hunting and response, including 24x7 Security Operations Center (SOC) services.This is technology M&A deal number 137 that ChannelE2E and MSSP Alert have covered so far in 2024. See more than 2,000 technology M&A deals for 2024, 2023, 2022, 2021, and 2020 listed here.OpenText, founded in 1991, is based in Waterloo, Ontario, Canada. The company has 22,768 employees listed on LinkedIn. OpenText’s areas of expertise include information management, enterprise content management (ECM), content services, digital experience (DX), customer experience management (CEM), customer communications management (CCM), information exchange, IoT, information security, developers, partners, and legaltech. Novacoast, founded in 1996, is based in Wichita, Kansas. The company has 358 employees listed on LinkedIn. In addition to developing Pillr, Novacoast’s areas of expertise include security & compliance, desktop management, storage, Linux services, identity management, product development, staffing services, product fulfillment, infrastructure, data center, availability, storage & recovery, collaboration, and managed services.
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