15:28:05 EDT Tue 14 May 2024
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Open Text Corp
Symbol OTEX
Shares Issued 271,854,655
Close 2024-02-13 C$ 53.00
Market Cap C$ 14,408,296,715
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Open Text joins Joint Cyber Defense Collaborative

2024-02-13 13:17 ET - News Release

Mr. Mark Barrenechea reports

OPENTEXT JOINS THE JOINT CYBER DEFENSE COLLABORATIVE TO ENHANCE U.S. GOVERNMENT CYBERSECURITY

Open Text Corp. has been named a member of the U.S. government public-private cybersecurity initiative, Joint Cyber Defense Collaborative (JCDC). This collaborative effort, established by the Cybersecurity and Infrastructure Security Agency (CISA), is dedicated to elevating the cybersecurity posture of the U.S. government and its strategic international partners.

"Open Text is honoured to join the JCDC and contribute to its mission of enhancing the cybersecurity of the U.S. government and its allies," said Mark Barrenechea, chief executive officer and chief technology officer of Open Text. "We believe that Open Text threat intelligence capabilities and insights will complement the efforts of the other JCDC members and create a more secure and resilient cyber ecosystem in support of mission."

As a member, Open Text will support JCDC's mission to shift the paradigm from reacting to threats and vulnerabilities to pro-actively planning and taking steps to mitigate them. These efforts will help strengthen the government's security management practices, which are essential to protect sensitive data from threat actors. Open Text will empower cyber defenders with:

  • Knowledge of how threat actors behave: Open Text provides a wealth of knowledge and experience, starting with its BrightCloud threat intelligence telemetry, which offers visibility into the behaviours and activities of threat actors. This insight spans SMBs (small and medium-sized businesses), consumers and enterprises. The consumer angle is unique to what other JCDC members offer and is a valuable addition to the mission as targeted attacks frequently extend to family members and friends of high-value assets as a way to get to the desired target.
  • Intelligence at the beginning of an attack life cycle: With cyDNA, Open Text introduces active risk intelligence, tracking threat actors in the early stages of their attack life cycle. This pro-active approach enables the identification of potential threats before they gain initial access, offering crucial situational awareness to halt attackers before they achieve their objectives.
  • Insight to secure and create resiliency within software supply chains: Open Text addresses the critical aspect of securing software supply chains through its Debricked solution. By providing threat intelligence on open-source code, Open Text empowers developers to make informed decisions, minimizing the introduction of risks into their development environments. This initiative aligns with JCDC's overarching goal of creating resilience within software supply chains.
  • Support for CISA analysts and global cyber defenders: Open Text's commitment extends to supporting CISA analysts and global cyber defenders by actively sharing threat intelligence, including behaviours and indicators. This knowledge transfer enhances overall threat-hunting efforts, fostering a deeper understanding of evolving threats within the threat intelligence community.

"Partnering with the JCDC provides Open Text the opportunity to help anchor and elevate cyber defence for this nation," said Kevin E. Greene, public sector, OpenText Cybersecurity. "As a former DHS alum, it is an honour to be the partner lead for Open Text as we join forces with the JCDC to disrupt adversarial activities with relentless resilience through early warning capabilities and actionable threat intelligence."

To learn more about Open Text's efforts in the public sector, visit the company at the Open Text Government Summit on March 5, 2024, in Washington, D.C., and discover how Open Text helps government leaders meet their mission.

About OpenText Cybersecurity

OpenText Cybersecurity provides comprehensive security solutions for companies and partners of all sizes. From prevention, detection and response to recovery, investigation and compliance, its unified/end-to-end platform helps customers build cyber resilience through a holistic security portfolio. Powered by actionable insights from its real-time and contextual threat intelligence, OpenText Cybersecurity customers benefit from high-efficacy products, a compliant experience and simplified security to help manage business risk.

About Open Text Corp.

Open Text, the Information Company, enables organizations to gain insight through market-leading information management solutions, powered by Open Text Cloud Editions.

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