Google Acquires Non-US-Based Security Firm Siemplify For $500 mn

The Israeli cybersecurity business Siemplify has been bought by Google, an American technology company. Owned by Alphabet Inc. on Tuesday, Google’s cloud division acknowledged the acquisition and stated that Siemplify’s security technology will be integrated into its cloud. The two firms announced today that they are working together to provide Security Orchestration, Automation, and Response (SOAR) features to their Google Cloud security portfolio, expand their Chronicle security analytics platform, and continue their efforts to make security “invisible.”

The businesses did not reveal the deal’s financial terms, but a source familiar with the situation claimed Google paid US$500 million in cash for Siemplify. The agreement comes after Google promised US President Joe Biden in August that it would invest $10 billion on cybersecurity over the next five years, citing an increase in cyber assaults and data breaches. As it was in the midst of obtaining a fresh round of private money, Siemplify piqued the buyer’s interest with a relationship with Google Cloud, according to the source. 

Google Cloud is a partner with a common goal, vision, values, and culture, according to Amos Stern, the company’s chief executive officer. He added, “We’re pleased to join Google Cloud and build on the success we’ve had in the market helping companies address growing security threats. 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 has more than 150 workers worldwide and clients such as FedEx, BAE Systems, Crowe, Telefonica, and Mondelez International.