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OpenText secures open source supply chain

Market News, Technology
TSX:OTEX
29 April 2024 13:34 (EDT)

Source: OpenText Corp.

OpenText (TSX:OTEX) has revealed the launch of OpenText Debricked Open Source Select, aimed at helping developers choose open-source components that meet an organization’s specific security, compliance and health intake requirements.

In a news release, the Waterloo, Ontario-based company stated the platform further aims to increase developer and policy review teams’ productivity and improve security by eliminating workarounds.

“With our latest innovation, we are making the discovery and intake process much easier for all,” Muhi Majzoub, chief product officer at OpenText, said in a statement. “With Open Source Select, we are filling an important gap in the DevOps lifecycle. In doing so we are increasing developer and policy review teams’ productivity and improving security by eliminating workarounds.”

Notably, Open Source Select only requires installation through a web browser, which is compatible with the platform’s free version.

Research conducted by Forrester Consulting and commissioned by OpenText suggests that 66 per cent of organizations struggle to find open-source code that falls in line with their own policies.

As such, Open Source Select aims to eliminate these issues by automating the management of open source discovery and intake based on an organization’s policies.

OpenText is an information management company providing software and services., including its information management platform. The company’s solutions target global companies, small- and medium-sized businesses, governments and consumers.

Shares of OpenText Corp. (TSX:OTEX) are down 0.23 per cent to C$48.67 as of 12:05 pm ET.

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