Google Acquires Israel-Based Cybersecurity Startup, Siemplify For $500 Million

American multinational technology company, Google has acquired Siemplify, an Israel-based cybersecurity startup that specializes in end-to-end security services for enterprises, referred to as security orchestration, automation and response (SOAR) services.

The deal reportedly at the $500 million mark is the first time the tech giant is buying an Israeli company active in the cybersecurity sector. Google’s biggest acquisition in Israel to date was the $1.1 billion deal for Waze in 2016 while in 2019 the American tech company acquired Israeli companies Elastifile for $200 million and Aluma for $100 million.

Following the acquisition, Siemplify employs 200 people in Israel, the U.S., and London, who will join Google as the tech giant will be using Siemplify to form the basis for its cybersecurity operations in Israel which will be part of the corporation’s cloud activity. Meanwhile, Siemplify’s co-founders will continue at the company.
– Nairametrics