Google Cloud acquires Siemplify for boosting security operations
Google Cloud announced it has acquired Siemplify to help security operations teams to improve their threat response. …
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Google Cloud today announced the acquisition of Siemplify, a provider of security orchestration, automation, and response (SOAR) technologies.
The terms of the acquisition weren’t disclosed. VentureBeat has reached out to Google Cloud for details on the acquisition price.
In a blog post, Sunil Potti, vice president for Google Cloud Security, said the acquisition will assist the cloud platform with “advancing invisible security and democratizing security operations for every organization.” The company’s technology ultimately helps companies to “better manage their threat response.”
SOAR platforms allow companies to collect key security data, such as alerts, that its security operations team has been monitoring. The technologies ultimately aim to enable companies to prioritize and improve their incident response efforts.
Potti said that Google Cloud became interested in Siemplify for its platform that offers an “intuitive workbench” that allows security teams to improve their management of risk and reduce the costs they incur around addressing cyber threats.
Siemplify enables security operation center (SOC) analysts “to manage their operations from end-to-end, respond to cyber threats with speed and precision, and get smarter with every analyst interaction. The technology also helps improve SOC performance by reducing caseloads, raising analyst productivity, and creating better visibility across workflows,” Potti said.
The acquisition will allow Google Cloud to expand on its “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,” he said.
Investing in security
The acquisition follows Google Cloud’s commitment in August to investing $10 billion in cybersecurity over the next five years.
In Siemplify’s own blog post, CEO Amos Stern, who cofounded the company in 2015, said that “Google’s resources, expertise, and overall commitment to cybersecurity” were key factors leading to the acquisition.
By joining Google Cloud, the company aims to “drive innovation and help many more security teams take their operations to a whole new level,” Stern said.
With offices in New York and Ramat Gan, Israel, Siemplify had raised at least $58 million in funding. Backers had included Georgian Partners, 83North, G20 Ventures, and Jump Capital.
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