OPEN TEXT CORP acquired Bricata Inc. for $17.8 million, a transaction completed in November 2021, structured as all cash.
Bricata Inc. operates in Network Detection & Response, is based in Columbia, Maryland, United States. OpenText announced in November 2021 the acquisition of Bricata to add network detection and response (NDR) technology to its Security & Protection Cloud. Maryland-based Bricata analyzes network traffic to surface threats while cutting false-positive alerts, and its engineering team joined OpenText to build future NDR products. The purchase price was not material and was not disclosed in the release.
On November 24, 2021, we acquired all of the equity interest in Bricata Inc. (Bricata) for $17.8 million.
Network detection and response capabilities for the security portfolio. Open Text Cybersecurity
On November 24, 2021, we acquired all of the equity interest in Bricata Inc. (Bricata) for $17.8 million.Open Text FY22 10-K, Business description
Advisory firms were not disclosed for this transaction.