Google is acquiring Siemplify, an Israeli cybersecurity company, to bolster the tech giant’s security cloud-based security offerings and help companies better manage their threat response.
The deal, which comes with a reported price tag of $500 million, will help Google business customers solve more incidents with greater complexity while requiring less effort and specialized knowledge thanks to Siemplify’s security orchestration, automation and response features, according to the company.
The idea is to unify those capabilities with Chronicle, Google’s cloud security initiative launched in 2018 designed to automate the analysis of telemetry data.
“Building an intuitive, efficient security operations workflow around planet-scale security telemetry will further realize Google Cloud’s vision of a modern threat management stack that empowers customers to go beyond typical security event and information management (SIEM) and extended detection and response (XDR) tooling, enabling better detection and response at the speed and scale of modern environments,” wrote Sunil Potti, Google’s vice president and general manger of cloud security, in a blog post.
Google calls the Siemplify platform an “intuitive workbench” that enables security professionals to manage risk and reduce the cost of addressing threats, allowing Security Operation Center (SOC) analysts to manager operations from end-to-end and respond to threats quickly and accurately.
The platform is also designed to improve SOC performance by reducing caseloads, raising analyst productivity and creating better visibility across workflows.
According to a post from Siemplify CEO Amos Stern, the company lists several Fortune 500 companies and third-party managed security services providers as customers.
With Siemplify’s cloud services as the foundation, Google plans to invest in security orchestration, automation and response capabilities and integrate them into Chronicle to help customers modernize and automate their security operations.
The deal comes just months after Google pledged to U.S. President Joe Biden to invest $10 billion in cybersecurity over the next five years as cyberattacks escalate.
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