Google Acquires Siemplify for $500M to expand it Cyber Security Capacity

Cyber Security, Technology, web security
Spread the love

Google acquires Siemplify, an Israeli security orchestration, automation and response startup that enables security teams to collect and manage large amounts of data. The startup will be integrated into the company’s Google Cloud Platform. The significant acquisition is part of Google’s broader efforts to expand its security capabilities as attacks become more frequent and sophisticated. Last August, it pledged to invest US$10 billion in cybersecurity over the next five years.

Google Acquires Siemplify for $500M to expand it Cyber Security Capacity

The acquisition was rumored in earlier reports in the Israeli press, and now Google and Siemplify‘s CEO and co-founder Amos Stern have both confirmed the acquisition, noting that Siemplify will be integrated into Google Cloud Platform, and specifically its Chronicle operation.

Google and Siemplify did not respond to our questions asking about the price but our sources close to the deal have confirmed that it is $500 million (a figure also mentioned in the earlier reports).

Chronicle was originally founded as an enterprise security company with Google “X”, the company’s older moonshot effort. It migrated into Google itself by way of Google Cloud in 2019 as part of the search giant’s efforts to expand its enterprise revenues, by expanding the functionality and services around its cloud services business, in hot pursuit of Microsoft’s Azure and Amazon’s AWS, the two leaders in that market.

Siemplify was founded in 2015 by entrepreneurs Amos Stern, CEO, Alon Cohen, CTO, and Garry Fatakhov, COO, with offices in Tel Aviv and headquarters in New York. According to CTech by Calcalist, Stern was previously “in the IDF’s Intelligence Corps where he headed a cyber unit before moving on to work for Elbit Systems, where he met his co-founders.”

Siemplify says it offers a “holistic security operations platform” that allows security analysts at enterprises and organizations to “work smarter and respond faster” to threats. The company developed a security orchestration, automation and response (SOAR) system that helps security analysts automate certain tasks, “integrate security tools to respond to cyber threats with speed and precision, while getting smarter with every analyst interaction.”

SOAR is set to be unified with Google’s cloud cybersecurity service Chronicle (which grew out of X, Alphabet’s “moonshot factory” incubator) as Google Acquires Siemplify.

Read Also : How to check your website rank in Google

Read Also: Five 2022 Tech trends to monitor in Africa