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.
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.
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.
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.
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