We are thrilled to announce that OpenText has acquired the Pillr Managed Detection and Response (MDR) platform from Novacoast, Inc. This strategic acquisition marks a significant enhancement to our cybersecurity portfolio, specifically designed to address the needs of SMBs (Small and Medium-sized Businesses) and MSPs (Managed Service Providers).

Pillr is a comprehensive cybersecurity operations platform that offers automated monitoring, alerting capabilities, and 24x7x365 advisory and remediation guidance from a team of expert analysts and threat hunters. Its alignment with industry best practices and frameworks, including NIST (National Institute of Standards and Technology), NY-DFS (New York Department of Financial Services), PCI (Payment Card Industry), and SOC 2 (System and Organization Controls), ensures a robust and compliant security solution.

This acquisition underscores OpenText’s commitment to strengthening our SMB cybersecurity offerings and providing our partners with the tools needed to deliver exceptional value to their customers. By integrating Pillr into our portfolio, we aim to simplify and enhance the security services you can offer, addressing key threat detection pain points and other critical use cases from a single, trusted vendor. The Pillr acquisition brings significant benefits to MSPs in the following ways:  

• Proactive Threat Hunting: Pillr’s MDR capabilities empower MSPs to proactively hunt threats, minimizing risks. 
• Customized Guidance: MSPs can tailor Pillr’s active response strategies to meet specific client needs. 
• Automated Monitoring and Alert: Pillr’s MDR capabilities enable faster and more effective incident resolution, minimizing business impact. 
• Ease of Adoption: SaaS solution simplifies deployment for MSPs and Pillr has hundreds of existing integrations, including Webroot. 

Mark J. Barrenechea, OpenText CEO & CTO, highlighted the importance of advanced MDR solutions in combating sophisticated cyber threats. This move positions OpenText as a leader in cyber resilience, reinforcing our dedication to securing businesses in an increasingly complex threat landscape where continuous threat monitoring is essential.