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LAS VEGAS - OpenText (NASDAQ:OTEX) (TSX:OTEX), a $7.8 billion market cap technology company with impressive gross profit margins of 76%, announced it will participate in Black Hat USA 2025, where the company plans to demonstrate its cybersecurity capabilities from August 2-7 at the Mandalay Bay Convention Center in Las Vegas. According to InvestingPro analysis, the company maintains strong financial health with multiple positive indicators suggesting potential upside.
The company will exhibit at Booth 5739, showcasing its AI-powered security portfolio designed to help organizations protect identities, detect threats, and respond to cybersecurity incidents. OpenText’s demonstrations will focus on three key areas: threat detection and response systems that provide visibility across security information and event management platforms; application security testing tools aimed at identifying vulnerabilities earlier in development cycles; and identity and access management solutions for hybrid environments. With annual revenue of $5.2 billion and currently trading below its Fair Value according to InvestingPro’s comprehensive analysis, OpenText demonstrates both operational scale and investment potential.
As cyber threats continue to evolve in complexity, OpenText’s integrated security approach aims to help enterprises reduce risk while meeting regulatory requirements. The company’s solutions span from DevSecOps to advanced threat detection, supporting organizations’ security and compliance needs.
OpenText Cybersecurity offers a unified platform that covers prevention, detection, response, recovery, investigation, and compliance functions. The company states its products are designed to help customers build cyber resilience through actionable insights derived from threat intelligence.
The announcement comes as organizations face increasing pressure to strengthen their cybersecurity posture amid evolving threats and regulatory scrutiny.
This information is based on a press release statement issued by OpenText today.
In other recent news, OpenText announced enhancements to its Private Cloud offerings, aimed at addressing the increasing requirements for data sovereignty and regulatory compliance in global markets. These upgrades allow organizations to maintain control over their data storage and processing, with data centers situated in strategic locations such as Canada, the UK, Germany, France, and Australia. Additionally, Europcar Mobility Group has selected OpenText to manage its global electronic invoicing needs across 130 countries, utilizing OpenText’s e-invoicing solution to handle millions of invoices while adhering to various tax and compliance standards.
OpenText also introduced Cloud Editions 25.3, a software release that integrates artificial intelligence, cloud capabilities, and cybersecurity features for enterprise customers. This release includes AI-powered tools like MyAviator, a secure personal assistant, and DevOps Aviator with GitHub Copilot integration. In corporate leadership changes, OpenText’s Chief Financial Officer, Chadwick Westlake, will step down to become President and CEO at EQB, following the unexpected passing of its CEO. Kristen Ludgate, a former HP executive, has been appointed to OpenText’s board of directors, bringing extensive experience from her previous roles at HP and 3M Company.
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