Google acquires Israeli cybersecurity company Siemplify
Google has bought Israeli cybersecurity company Siemplify for a reported USD 500 million, according to TechCrunch, in what is Google’s first major acquisition of an Israeli company since it bought traffic satnav app Waze in 2013 for over USD 1 billion.
Founded in 2015, Siemplify has developed an automated, rapid threat response systems for organizations and has raised USD 58 million from investors including Georgian Partners, 83North, and G20 Ventures. Today, Siemplify has 200 employees in its offices in Israel, the US and UK.
Goldfarb Seligman’s multidisciplinary team represented Google. White & Case advised Siemplify, led by my partners Tali Sealman and Neeta Sahadev from Silicon Valley, with lawyers from New York, Washington DC and London involved. Pearl Cohen also acted for Siemplify in the deal, represented by Yael Baratz, Head of the Corporate & Licensing Group, Inbal Perlstein Mandelbaum, Corporate & Licensing Group, Tzahi Yagur, Head of Antitrust & Competition Group, and Dotan Hammer, Internet, Cyber & Copyright Group.
Read more about the impact of the deal here.
