M&A Deal Summary

OpenText Acquires Pillr

On May 24, 2024, OpenText acquired internet software and services company Pillr from Novacoast

Acquisition Highlights
  • This is OpenText’s 7th transaction in the Internet Software and Services sector.
  • This is OpenText’s 32nd transaction in the United States.
  • This is OpenText’s 1st transaction in Kansas.

M&A Deal Summary
Date 2024-05-24
Target Pillr
Sector Internet Software and Services
Buyer(s) OpenText
Sellers(s) Novacoast
Deal Type Divestiture

Target

Pillr

Wichita, Kansas, United States
Pillr offers SOC-as-a-Service (SOCaaS) to address the critical gaps left by standard EDR tools. Pillr was founed in 2018 and is based in Wichita, Kansas.

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Buyer(S) 1

Buyer

OpenText

Waterloo, Ontario, Canada
Category Company
Founded 1991
Sector Software
Employees23,700
Revenue 4.5B USD (2023)
DESCRIPTION

OpenText is an independent software provider of enterprise information management (EIM). Open Text was founded in 1991 and is based in Waterloo, Ontario.

DEAL STATS #
Overall 45 of 45
Sector (Internet Software and Services) 7 of 7
Type (Divestiture) 8 of 8
State (Kansas) 1 of 1
Country (United States) 32 of 32
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 OpenText - Application Modernization & Connectivity Business

Ontario, Canada

OpenText's Application Modernization & Connectivity Business provides customers with modernization software solutions spanning the mainframe to the cloud.

Sell $2.3B

Seller(S) 1

SELLER

Novacoast

Wichita, Kansas, United States
Category Company
Sector Information Technology
DESCRIPTION

Novacoast is a provider of cybersecurity services, offering a comprehensive suite of solutions designed to protect, detect, and respond to evolving cyber threats. Novacoast is based in Wichita, Kansas.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

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