Google has expanded its push into the lucrative cybersecurity business with a new deal to acquire Siemplify, a late-state Israeli startup selling SOAR (security orchestration, automation and response) technology.
Financial terms of the transaction were not released but reports out of Israel peg the price tag in the range of $500 million. Google plans to pair Siemplify’s SOAR technology with its own home-built Chronicle security analytics platform to “change the rules on how organizations hunt, detect, and respond to threats,” according to Sunil Potti, vice president of Google Cloud Security.
In a note announcing the acquisition, Potti said Siemplify’s technology fits into the Google Cloud vision of using “planet-scale security telemetry” to provide a modern threat management stack for enterprise defenders.
Read More: Securityweek
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