Google he has purchased online security company Siemplify to give a boost to Chronicle, its cybersecurity subsidiary, which operates under the Google Cloud umbrella. Google, which apparently would pay for this Israeli startup about 500 million dollars, defines it as an organization dedicated to orchestration, automation and response in cybersecurity. It intends to integrate its functions and technologies into Chronicle, with the aim of making it easier for companies to modernize and automate their security, when the agreement gets approval from the regulatory authorities.
Simplify started life in 2015 and has raised a total of about $ 58 million in funding. It has developed a security platform with which corporate security teams can improve risk management while reducing the cost of addressing threats. Its technology allows security analysts to manage their entire operations, in addition to responding to cyber threats with speed and precision, as well as making the platform grow in intelligence with each interaction by the experts.
The terms of the company’s purchase agreement are unknown, as is usual in Google’s purchase operations. However, it has been confirmed that the 200 employees that Siemplify has in Israel, the United States and the United Kingdom will become part of the Google workforce.
The Siemplify CEO Amos Stern, has highlighted that «Together with Chronicle analytics and threat intelligence, we can truly help security professionals transform the security operations center to defend against today’s threats.«.
Sunil Potti, Vice President and Head of Google Cloud Security, points out about the agreement that «In an age when cyberattacks are growing rapidly in both frequency and sophistication, there has never been a better time to bring these two companies together. We both share the belief that security analysts need to be able to solve more incidents with greater complexity with less effort and less specialized knowledge. With Siemplify we will change the rules of how organizations hunt, detect and respond to threats«.