OpenText Strengthens Security & Protection Cloud with Network Detection & Response

Rhea-AI Summary

OpenText (NASDAQ: OTEX) has acquired Bricata, a Maryland-based company specializing in Network Detection & Response (NDR) technology, enhancing its Security & Protection Cloud. This acquisition allows OpenText to analyze network traffic for vulnerabilities, reducing false-positive alerts and improving real-time threat response. The integration of Bricata’s capabilities offers comprehensive visibility for security teams, enabling thorough internal investigations. The financial details regarding the acquisition were not disclosed, as they were deemed immaterial to OpenText's overall finances.

Positive

• Acquisition of Bricata enhances OpenText's security capabilities, expanding its NDR technology.
• Integration of Bricata provides improved real-time threat response and reduces false-positive alerts.
• Acquisition allows comprehensive visibility for security teams, supporting thorough internal investigations.

Negative

• None.

Acquisition of Bricata technology enables OpenText to extend threat detection and response to the network

WATERLOO, ON, Nov. 24, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced the addition of next-generation Network Detection & Response (NDR) technology to the OpenText Security & Protection Cloud through the acquisition of Bricata.  

Maryland-based Bricata provides NDR security technologies that analyze network traffic for vulnerabilities and threats – reducing the number of false-positive security alerts, while responding to actual threats in real-time to keep enterprise networks operational and in a trusted state. The addition of the Bricata team also provides deep engineering talent to help build future products in the growing NDR market.

"As organizations benefit from digitization and the move to the Cloud, they also face new risks and challenges from cyberattacks", said Mark J. Barrenechea, OpenText CEO & CTO. "The addition of the deep-visibility Network Detection & Response solutions provides increased protection for our customers, allowing them to focus on productivity."

Protecting Expanded Perimeters

OpenText can now collect and analyze data from all sources across cloud, network, endpoints, email, and webserver. Trends such as remote working, Shadow IT, and Cloud adoption require new technologies to help secure the ever-expanding enterprise perimeters. With the combination of Bricata's NDR technology and OpenText's Endpoint Detection & Response, Digital Forensics, and Incident Response, security teams have 360-degree visibility across network and endpoint to detect threats, conduct root cause analysis across their network, and bring systems back to a trusted state.

Additional Capabilities

Using smart sensors, Bricata's NDR eliminates blind spots and delivers complete network visibility in support of comprehensive internal investigations. This level of inspection allows users to intelligently capture and analyze network data to support any type of internal investigations such as HR-driven investigations or fraud. The Smart Sensor also automatically examines files transmitted within the network for malicious attributes.

The Bricata purchase price and current revenues are not material to OpenText financials and are not disclosed. 

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.

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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. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Copyright © 2021 Open Text. All Rights Reserved. Trademarks owned by Open Text.  One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.

Further information:
publicrelations@opentext.com

OTEX-MNA

 

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SOURCE Open Text Corporation

FAQ

What is the significance of OpenText's acquisition of Bricata on November 24, 2021?

The acquisition enhances OpenText's Security & Protection Cloud by adding advanced Network Detection & Response capabilities, improving threat detection and response.

How will Bricata's technology benefit OpenText customers?

Bricata's technology reduces false-positive security alerts and improves real-time threat response, providing enhanced network security.

Was the purchase price of Bricata disclosed by OpenText?

No, the purchase price and current revenues of Bricata were not disclosed as they were considered immaterial to OpenText's financials.

What technology does Bricata provide to OpenText?

Bricata provides Network Detection & Response (NDR) technology, which analyzes network traffic for vulnerabilities and enhances security capabilities.