08:33 AM EDT, 05/22/2024 (MT Newswires) -- Open Text Corporation ( OTEX ) announced Wednesday that it has purchased Pillr, an MDR platform from Novacoast, Inc. No financial details were given.

A statement noted that Pillr technology is a cloud native, multi-tenant MDR platform for Managed Service Providers (MSPs) that includes Managed Detection and Response and powerful threat-hunting capabilities.

The Pillr technology acquisition is not material to OpenText's financial results, the statement said.