Google Acquires its First Non-American Cybersecurity Firm
American technology company Google has acquired the Israel-based cybersecurity startup Siemplify.
Alphabet Inc-owned Google confirmed the acquisition by its cloud division on Tuesday and said that Siemplify’s security platform will be integrated into its cloud.
While the financial details of the deal were not made public by the companies involved, Israel-based technology news website CTech reported the acquisition as costing Google an estimated $500m.
Reuters reported that an unnamed source familiar with the inner workings of the transaction said Google had paid $500m in cash for Siemplify.
Siemplify is a single-platform solution that offers vendor-agnostic security orchestration, automation, and response (SOAR) services. It was founded in Tel Aviv in 2015 by Alon Cohen, Garry Fatakhov, and Amos Stern, who serves as the company's chief executive officer.
Stern described Google Cloud as a partner with a shared mission, vision, values, and culture.
"We’re excited to join Google Cloud and build on the success we’ve had in the market helping companies address growing security threats,” said Stern.
“Together with Chronicle’s rich security analytics and threat intelligence, we can truly help security professionals transform the security operations center to defend against today’s threats.”
Siemplify employs more than 150 employees around the globe and counts FedEx,