Google Cloud is set to acquire Siemplify, an Israel-based cybersecurity orchestration, automation, and response (SOAR) provider.

The BigTech’s cloud computing division said Siemplify will join its security team to help companies better manage their threat response.

Google Cloud did not announce the size of the deal, however Israeli business publication Calcalist said the value of the acquisition was around $500 million.

Siemplify was founded in 2015; it currently has around 200 employees and has said its customers include Fortune 500 companies.

The cybersecurity space has seen a significant number of large mergers and acquisitions (M&A) moves over the past year.

Private equity firm Thoma Bravo purchased cybersecurity firm Proofpoint in an all-cash deal that valued the company at $12.3 billion in August 2021.

In November, Antivirus software firm McAfee announced it was set to go private in a $14 billion private equity led deal.

"We’re excited to join Google Cloud and build on the success we’ve had in the market helping companies address growing security threats,” said Amos Stern, chief executive at Siemplify. “Together with Chronicle’s rich security analytics and threat intelligence, we can truly help security professionals transform the security operations center to defend against today’s threats."

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