Siemplify, an Israeli Security Startup, Purchased by Google for $500M

Siemplify logo, red in black

Google has issued a statement about the acquisition of Israeli cybersecurity startup Siemplify by its cloud division. This move by the Alphabet Inc. owned company comes amidst rising cyber attacks as it expands its security offerings. The financial details of the deal remain undisclosed by the companies. However, a familiar source has revealed that the US based tech giant paid around $500 million in cash for Siemplify.

Read MoreReviewsCollect Ad