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Google Acquires Israeli Cybersecurity Firm Siemplify For a Reported $500 Million

(JNS) Alphabet Inc.’s Google announced that it has acquired Israeli cyber security firm Siemplify. Although financial details were not released, Reuters reported that Google paid $500 million in cash for the firm.

The deal marks Google’s first major acquisition of an Israeli company since it bought navigation app Waze in 2013 for $1.1 billion, according to Globes.

Siemplify offers a security platform which streamlines operations and frees up security teams to focus on “more strategic priorities,” according to the company’s website.

It will join Google’s cloud division and will be integrated with the division’s own security offering, Chronicle.

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