08 January 2022

Google acquires Israeli cybersecurity company Siemplify for $. 500m.

Google has acquired another Israeli company, threat detection firm Siemplify, for a reported $500 million, nine years after its $1 billion purchase of navigation app Waze. The purchase will mark Google’s fourth acquisition of an Israeli company and its first in the cybersecurity industry outside the US.

Last summer, Google committed to investing $10 billion in cybersecurity over the next five years to “strengthen cybersecurity, including expanding zero-trust programs, helping secure the software supply chain, and enhancing open-source security” and to train 100,000 Americans in fields like IT support and data analytics.

Source: www.timesofisrael.com

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