OpenText Partnership with Cork Delivers Peace of Mind with Comprehensive Cybersecurity and Cyber Warranty Solutions for SMBs and MSPs
OpenText (NASDAQ: OTEX, TSX: OTEX) has announced a strategic partnership with Cork Inc. to provide comprehensive cybersecurity and cyber warranty solutions for Small and Medium Businesses (SMBs) and Managed Service Providers (MSPs). This collaboration aims to offer a unique blend of award-winning cybersecurity solutions and financial protection, enhancing MSPs' customer offerings.
The partnership addresses the growing demand for outsourced data security and cyber warranty resources, as highlighted in OpenText Cybersecurity's 2024 MSP/MSSP Survey. Key benefits for MSPs include increased revenue streams, improved client retention, reduced support costs, and enhanced business value. For SMBs, the partnership offers comprehensive cybersecurity, reduced financial risk, increased productivity, simplified cybersecurity management, and enhanced trust and reputation.
OpenText (NASDAQ: OTEX, TSX: OTEX) ha annunciato una partnership strategica con Cork Inc. per fornire soluzioni complete di cybersecurity e garanzia informatica per le Piccole e Medie Imprese (PMI) e i Fornitori di Servizi Gestiti (MSP). Questa collaborazione mira a offrire una combinazione unica di soluzioni di cybersecurity premiate e protezione finanziaria, migliorando le offerte ai clienti degli MSP.
La partnership risponde alla crescente domanda di sicurezza dei dati esternalizzata e risorse di garanzia informatica, come evidenziato nel Survey 2024 MSP/MSSP di OpenText Cybersecurity. I principali vantaggi per gli MSP includono aumenti dei flussi di entrate, miglioramento della retention dei clienti, riduzione dei costi di supporto e valore aziendale migliorato. Per le PMI, la partnership offre cybersecurity completa, riduzione del rischio finanziario, aumento della produttività, semplificazione della gestione della cybersecurity e fiducia e reputazione rafforzate.
OpenText (NASDAQ: OTEX, TSX: OTEX) ha anunciado una asociación estratégica con Cork Inc. para proporcionar soluciones completas de ciberseguridad y garantía cibernética para Pequeñas y Medianas Empresas (PYMES) y Proveedores de Servicios Administrados (MSP). Esta colaboración tiene como objetivo ofrecer una combinación única de soluciones de ciberseguridad galardonadas y protección financiera, mejorando las ofertas a los clientes de los MSP.
La asociación aborda la creciente demanda de seguridad de datos externalizada y recursos de garantía cibernética, como se destaca en la Encuesta 2024 MSP/MSSP de OpenText Cybersecurity. Los beneficios clave para los MSP incluyen aumento de los flujos de ingresos, mejor retención de clientes, reducción de costos de soporte y mayor valor empresarial. Para las PYMES, la asociación ofrece ciberseguridad integral, reducción del riesgo financiero, aumento de la productividad, simplificación de la gestión de la ciberseguridad y confianza y reputación mejoradas.
OpenText (NASDAQ: OTEX, TSX: OTEX)는 Cork Inc.와의 전략적 파트너십을 발표하며 중소기업(SMB) 및 관리 서비스 제공업체(MSP)를 위한 포괄적인 사이버 보안 및 사이버 보증 솔루션을 제공할 계획입니다. 이번 협력은 수상 경력이 있는 사이버 보안 솔루션과 재정적 보호의 독특한 조화를 제공하여 MSP의 고객 제공 내용을 향상시키는 것을 목표로 합니다.
이 파트너십은 OpenText Cybersecurity의 2024 MSP/MSSP 설문 조사에서 강조된 바와 같이 아웃소싱된 데이터 보안 및 사이버 보증 리소스에 대한 수요 증가에 대응합니다. MSP에 대한 주요 이점은 수익원 증가, 고객 유지 개선, 지원 비용 절감, 비즈니스 가치 향상을 포함합니다. SMB를 위해서는 포괄적인 사이버 보안, 재정적 위험 감소, 생산성 증가, 사이버 보안 관리의 단순화, 그리고 신뢰와 평판 강화가 제공됩니다.
OpenText (NASDAQ: OTEX, TSX: OTEX) a annoncé un partenariat stratégique avec Cork Inc. pour fournir des solutions complètes de cybersécurité et de garantie cybersécuritaire pour les petites et moyennes entreprises (PME) et les fournisseurs de services gérés (MSP). Cette collaboration vise à offrir un mélange unique de solutions de cybersécurité primées et de protection financière, améliorant ainsi l'offre aux clients des MSP.
Ce partenariat répond à la demande croissante de sécurité des données externalisée et de ressources de garantie cybersécu, comme le souligne l'enquête 2024 MSP/MSSP d'OpenText Cybersecurity. Les principaux avantages pour les MSP incluent des flux de revenus accrus, une amélioration de la fidélisation des clients, une réduction des coûts de support et une valeur commerciale accrue. Pour les PME, ce partenariat offre une cybersécurité complète, une réduction du risque financier, une augmentation de la productivité, une gestion de la cybersécurité simplifiée et une confiance et une réputation renforcées.
OpenText (NASDAQ: OTEX, TSX: OTEX) hat eine strategische Partnerschaft mit Cork Inc. angekündigt, um umfassende Cybersecurity- und Cybergarantielösungen für kleine und mittlere Unternehmen (KMU) sowie für Managed Service Provider (MSP) anzubieten. Diese Zusammenarbeit zielt darauf ab, eine einzigartige Kombination aus preisgekrönten Cybersecurity-Lösungen und finanzieller Sicherheit anzubieten, wodurch das Angebot der MSP-Kunden verbessert wird.
Die Partnerschaft reagiert auf die wachsende Nachfrage nach externen Datensicherheits- und Cybergarantieressourcen, wie in der OpenText Cybersecurity 2024 MSP/MSSP-Umfrage hervorgehoben. Wichtige Vorteile für MSPs sind erhöhte Einnahmequellen, verbesserte Kundenbindung, reduzierte Supportkosten und gesteigerte Unternehmenswerte. Für KMU bietet die Partnerschaft umfassende Cybersecurity, reduzierte finanzielle Risiken, erhöhte Produktivität, vereinfachtes Cybersecurity-Management sowie ein verstärktes Vertrauen und Ansehen.
- Strategic partnership with Cork Inc. to provide comprehensive cybersecurity and cyber warranty solutions
- Potential for increased revenue streams for MSPs through new service offerings
- Improved client retention and enhanced business value for MSPs
- Addresses growing demand for outsourced data security and cyber warranty resources
- None.
New collaboration provides elevated service offerings with financial protection to attract and retain clients resulting in increased revenue streams
OpenText Cybersecurity's recent 2024 MSP/MSSP Survey highlighted that comprehensive security and composable on-demand security expertise is a primary reason that SMB customers seek MSP services. The survey also noted that
"Our partner-first culture is built around listening to the needs of IT service providers, and the OpenText family of solutions paired with the Cork Protection active insights platform delivers on those requests." says Dan Candee, CEO, Cork. "Now we have even higher accountability to our partners and the clients we serve together."
MSPs can expect this partnership to provide:
- Increased Revenue Streams: Create new revenue opportunities by offering Cork Protection cyber warranty as an add-on service.
- Improved Client Retention: Strengthen client relationships by providing comprehensive protection, reducing churn and increasing customer lifetime value.
- Reduced Support Costs: Benefit from OpenText's automated cybersecurity solutions and Cork's proactive risk management tools, minimizing support tickets and allowing your team to focus on higher-value tasks.
- Enhanced Business Value: Position your MSP as a trusted advisor by offering a complete cybersecurity solution that addresses both prevention and financial protection.
"OpenText's cloud-based solutions are powerful offerings for businesses facing today's relentless cyber threats," said Sandy Ono, Executive Vice President and Chief Marketing Officer. "When paired with Cork Protection cyber warranty, organizations can effectively protect themselves against some of the serious financial impact of cyberattacks. This comprehensive approach streamlines cybersecurity management, enabling seamless deployment and oversight while optimizing IT resources."
For Small and Medium Businesses, MSPs will now be able to provide:
- Comprehensive Cybersecurity: Gain peace of mind with OpenText's endpoint protection combined with Cork's innovative cyber warranty. This layered approach proactively prevents attacks and provides financial protection if a breach occurs.
- Reduced Financial Risk: Mitigate the impact of cyberattacks with Cork Protection cyber warranty, covering financial losses, legal expenses, and recovery costs.
- Increased Productivity: Benefit from OpenText's cloud-based solutions that minimize disruptions, allowing employees to remain productive while Cork's insights platform effectively manages cyber risks.
- Simplified Cybersecurity Management: Streamline security operations with integrated solutions that are easy to deploy and manage, freeing up IT resources.
- Enhanced Trust and Reputation: Build customer trust with a proactive approach to cybersecurity.
Together, Cork and OpenText Cybersecurity are committed to equipping their clients with the robust solutions necessary to navigate today's evolving cyber threats effectively.
For more information, visit our websites: OpenText Cybersecurity's Webroot and Cork Protection.
About OpenText
OpenText™ is the leading Information Management software and services company in the world. We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com.
About Cork
Cork is a purpose-built cyber warranty company for managed service providers (MSPs) serving small businesses (SMBs) and the software solutions they manage. Its purpose-built platform is driven by an AI-enhanced cyber risk engine designed to offer MSPs and their clients peace of mind with near-instant coverage and settlements in the aftermath of security incidents. Cork's revolutionary Protection from the Inside Out™ approach to actionable insights, flexible premiums, and claims management puts control in the hands of MSPs and SMBs to protect the digital assets they value most. Cork is backed by DVx Ventures, Outsiders Fund, and Vestigo Ventures. For more information, visit corkinc.com and follow Cork on LinkedIn.
Connect with us:
OpenText CEO Mark Barrenechea's blog
Twitter | LinkedIn
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.
Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.
OTEX-G
View original content to download multimedia:https://www.prnewswire.com/news-releases/opentext-partnership-with-cork-delivers-peace-of-mind-with-comprehensive-cybersecurity-and-cyber-warranty-solutions-for-smbs-and-msps-302281326.html
SOURCE Open Text Corporation
FAQ
What is the purpose of OpenText's partnership with Cork Inc. announced on October 21, 2024?
How will the OpenText (OTEX) and Cork partnership benefit Managed Service Providers?
What advantages does the OpenText (OTEX) and Cork partnership offer to Small and Medium Businesses?
What percentage of SMBs are focused on outsourcing data security and cyber warranty resources according to OpenText's 2024 survey?
