Novacoast, Inc., a leading provider of cybersecurity services, is excited to announce that its subsidiary, Pillr, and its Managed Detection and Response (MDR) Platform, has been acquired by OpenText. This acquisition is a significant step towards expanding MDR capabilities within cybersecurity offerings for MSPs seeking a comprehensive solution to protect, detect, and respond to cybersecurity threats.

Novacoast CEO Paul Anderson expressed his pride in Pillr’s journey under Novacoast’s guidance: “We are incredibly proud of the success Pillr has achieved as part of the Novacoast family. Our deep expertise and unwavering passion for enterprise security have been key drivers in shaping Pillr into a cutting-edge solution. The exceptional talent and dedication of the Pillr team have been the cornerstone of its success. This acquisition is a testament to their hard work and innovation. We are confident that with OpenText’s resources and scale, Pillr technology will continue to thrive and set new standards within OpenText’s leading cybersecurity platform.”

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OpenText’s acquisition of Pillr will combine Pillr’s advanced cybersecurity technologies, including its Managed Detection and Response (MDR), Cloud SIEM, SOAR, and Threat Hunting, with OpenText‘s broader set of cybersecurity solutions and global distribution network.

SOURCE: PRWeb