OpenText Fortifies Cybersecurity Capabilities with Pillr Acquisition

OpenText Corporation recently acquired Pillr, a cloud native, multi-tenant managed detection and response (MDR) platform developed by Novacoast, Inc. This acquisition enhances OpenText’s cybersecurity offerings by integrating Pillr’s advanced threat hunting and response capabilities with its existing security solutions. This move aims to address the growing need for comprehensive cybersecurity measures among managed service providers (MSPs) and their clients, especially in an environment characterized by skill shortages and alert fatigue. The combination promises to bolster OpenText’s position in the cybersecurity market and provide enhanced protection against increasingly sophisticated cyber threats.