Google Cloud has announced that they have acquired Siemplify, a leading security orchestration, automation and response (SOAR) provider, to help companies better manage their threat response and security operations. The deal is reported to be worth USD 500 million.
In a blog post announcing the acquisition, Sunil Potti, GM of Google Cloud Security, wrote: “In a time when cyberattacks are rapidly growing in both frequency and sophistication, there has never been a better time to bring these two companies together. We both share the belief that security analysts need to be able to solve more incidents with greater complexity while requiring less effort and less specialised knowledge. With Siemplify, we will change the rules on how organisations hunt, detect and respond to threats.
“We plan to invest in SOAR capabilities with Siemplify’s cloud services as our foundation, and the team’s talent leading the way. Our intention is to integrate Siemplify’s capabilities into Chronicle in ways that help enterprises modernise and automate their security operations.
“We are looking forward to welcoming the Siemplify team to Google Cloud, and working with them to help security operations teams accomplish so much more in defence of their organisations.”
Providing a proven SOAR capability, unified with Chronicle’s approach to security analytics, is the next logical step for the service they provide. Google Cloud says that building an intuitive, efficient security operations workflow around planet-scale security telemetry will further realise their vision of a modern threat management stack that empowers customers to go beyond typical security event and information management, and extended detection and response tooling, enabling better detection and response at the speed and scale of modern environments.
The Siemplify platform is an intuitive workbench that enables security teams to both manage risk better, and reduce the cost of addressing threats. Siemplify allows Security Operation Center analysts to manage their operations from end-to-end, respond to cyber threats with speed and precision, and get smarter with every analyst interaction. At the same time, they say it also helps improve SOC performance by reducing caseloads, raising analyst productivity, and creating better visibility across workflows.
Amos Stern, CEO of Siemplify, wrote: “We are excited to join Google Cloud and build on the success we have had in the market helping companies address growing security threats. Together with Chronicle’s rich security analytics and threat intelligence, we can truly help security professionals transform the security operations centre to defend against today’s threats.”