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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.