OpenText Strengthens Consumer Cybersecurity Portfolio with Comprehensive Digital Life Protection
Rhea-AI Summary
OpenText (NASDAQ: OTEX) has launched Webroot Total Protection, a comprehensive cybersecurity solution designed to protect individuals and families' digital lives. The all-in-one platform combines device security, identity protection, VPN, parental controls, and unlimited cloud backup features.
The launch comes amid rising cyber threats, with data breaches exposing 1.7 billion individuals' personal information in 2024, marking a 312% increase from the previous year. According to the 2024 ITRC report, cyberattacks were responsible for 80% of these compromises.
Key features include protection against phishing, malware, and ransomware, identity protection for up to 10 individuals with $1 million fraud expense reimbursement, VPN services, and unlimited cloud backup. The product is launching with a 50% introductory discount off MSRP.
Positive
- Launch of new comprehensive cybersecurity product expanding consumer portfolio
- Coverage for up to 10 individuals with $1M fraud protection
- 50% introductory discount potentially driving initial adoption
Negative
- None.
Insights
OpenText's Consumer Security Expansion Targets Growing Digital Protection Market
OpenText's launch of Webroot Total Protection represents a strategic expansion into the high-growth consumer cybersecurity market, potentially opening new revenue streams beyond its traditional enterprise software focus. This all-in-one solution combines device security, identity protection, VPN, parental controls, and unlimited cloud backup—addressing the alarming 312% year-over-year increase in data breaches that exposed 1.7 billion individuals' personal information in 2024.
The timing of this launch is particularly strategic. With cybersecurity concerns becoming increasingly mainstream, OpenText is positioning itself to capture value in the consumer segment, which typically offers higher margins than enterprise solutions once scale is achieved. The bundled approach serves two key financial purposes: it increases potential average revenue per user (ARPU) compared to standalone products and enhances customer retention through the "sticky" nature of comprehensive security solutions.
This move builds on OpenText's $1.42 billion acquisition of Carbonite (which included Webroot) in 2019, demonstrating the company's commitment to maximizing return on that investment. The consumer cybersecurity market is projected to reach $25.6 billion by 2028, growing at a CAGR of 10.5%. Even capturing a modest single-digit market share would represent meaningful revenue for OpenText.
However, investors should note the competitive challenges. This market segment features entrenched players like Norton/LifeLock, McAfee, and Bitdefender, all offering similar comprehensive protection suites. OpenText will need to leverage Webroot's established brand recognition while differentiating on features or pricing to gain market share.
The subscription-based model aligns perfectly with OpenText's broader strategy of building predictable, recurring revenue streams—something that typically commands higher valuation multiples. While this single product launch won't immediately move the needle on OpenText's $7.06 billion market cap, it represents a logical extension of their security portfolio that could gradually improve the company's revenue mix and growth profile if executed effectively.
New Webroot Total Protection safeguards personal and financial information
With the rise of cyber threats targeting consumers, the need for comprehensive digital protection has never been greater. In 2024, data breaches exposed the personal information of more than 1.7 billion individuals—a
Reflecting OpenText's continued investment in consumer cybersecurity giving access to the latest security innovations that safeguard personal and financial information, Webroot Total Protection combines multiple layers of security into a single package, ensuring comprehensive protection for users at home and on the go. Key features include:
- Device security to safeguard against cyber threats such as phishing, malware, and ransomware
- Identity protection for up to 10 individuals, not limited to immediate family, including 24/7 access to
U.S. -based identity restoration specialists and up to$1 million - VPN and parental controls to enhance online privacy and security for the entire household, both at home and on public Wi-Fi
- Unlimited cloud backup to keep critical files and personal data protected and easily accessible
"As digital threats become more sophisticated, consumers need a security solution that evolves with them," said Muhi Majzoub, OpenText EVP of Security Products. "At OpenText, we are committed to delivering innovative, user-centric cybersecurity solutions that go beyond traditional protection. Webroot Total Protection is a direct response to our customers' growing need for a comprehensive, all-in-one security platform that safeguards every aspect of their digital lives—from identity and privacy to data protection and parental controls."
Reinforcing Webroot's commitment to helping everyone live a better digital life, Webroot Total Protection is now available in multiple configurations for individuals and families, launching with an introductory offer of
Additional Resources:
- To learn more about availability and pricing, click here.
- For more information on Webroot Total Protection, read this blog.
About OpenText Cybersecurity
OpenText Cybersecurity provides comprehensive security solutions for companies and partners of all sizes. OpenText Cybersecurity provides comprehensive security solutions for companies and partners of all sizes. From prevention, detection and response to recovery, investigation and compliance, our unified/end-to-end platform helps customers build cyber resilience via a holistic security portfolio. Powered by actionable insights from our 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 OpenText
OpenText™ is the leading Information Management software and services company in the world. We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.OpenText.com.
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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies, and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.OpenText.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.
Copyright © 2025 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.OpenText.com/patents.
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SOURCE Open Text Corporation
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