Google just bought this cybersecurity startup for half a billion dollars

Google but bought this cybersecurity startup for one-half a billion dollars

(Image credit: laymanzoom / Shutterstock)

Google Deject has announced that it has acquired the Israeli cybersecurity startup Siemplify as part of its ongoing efforts to make information technology easier to for security teams to combat the latest cyber threats.

While neither company disclosed the terms of the deal, a new report from the Israel-based publication CTECH estimates the price of the acquisition is around $500m.

Founded in 2015 by Amos Stern, Alon Cohen, and Garry Fatakhov, Siemplify is a leading security orchestration, automation and response (SOAR) provider that shares Google Deject'southward vision when it comes to advancing invisible security and democratizing security operations at every organization.

CEO at Siemplify, Amos Stern praised the bargain in a weblog mail service and explained how its engineering along with that of Google's cybersecurity company Chronicle volition help security professionals defend their organizations against the latest cyber threats, saying:

"Nosotros're excited to join Google Deject and build on the success we've had in the market helping companies accost growing security threats. Together with Chronicle'southward rich security analytics and threat intelligence, we can truly help security professionals transform the security operations center to defend against today's threats."

Siemplify and Relate

One time the deal closes following regulatory approval, Google aims to integrate Siemplify's capabilities into Relate in such a way that enterprises will be able to modernize and automate their security operations.

By unifying Siemplify's SOAR capabilities with Chronicle's innovative approach to security analytics, the search giant aims to further realize Google Deject's vision of a modern threat management stack which empowers customers to get beyond typical security issue and information management (SIEM) and extended detection and response (XDR) tooling. This will enable better detection and response at the speed and scale required by modern environments.

The Siemplify platform provides a workbench that enables security teams to manage risk better while also reducing the cost of addressing threats. The company's technology allows Security Operation Heart analysts to manage their operations from end-to-finish, respond to cyber threats with speed and precision and get smarter with every analyst interaction.

Every bit part of the deal, Siemplify's 200 employees in Israel, the US and the UK will join Google and we'll likely hear more about how Google Cloud plans to leverage the company'due south SOAR capabilities in Chronicle once the acquisition is complete.

We've likewise rounded upwards the best antivirus , best malware removal software and best endpoint protection software

Subsequently living and working in S Korea for seven years, Anthony at present resides in Houston, Texas where he writes most a variety of engineering topics for ITProPortal and TechRadar. He has been a tech enthusiast for as long as he can retrieve and has spent countless hours researching and tinkering with PCs, mobile phones and game consoles.