Google acquires Israeli cybersecurity startup Siemplify for $500 million

Alphabet Inc-owned, Google has acquired Israeli cybersecurity startup Siemplify, in a deal worth $500 million. This acquisition will expand the U.S. tech giant’s security offerings in the country amid rising cyber-attacks. Siemplify will be integrated into Google Cloud’s Chronicle operation. As a part of Google Cloud’s security team, Siemplify will help companies better manage their threat response.

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About the Acquisition:

• This purchase marks the fourth acquisition of an Israeli company by Google and its first in the cybersecurity industry outside the US.
• Siemplify was founded in 2015 by Amos Stern (CEO), Alon Cohen (CTO) and Garry Fatakhov (COO). It has offices in Tel Aviv and headquarters in New York.
• Siemplify specializes in end-to-end security services for enterprises, typically referred to as security orchestration, automation and response (SOAR) services.

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