Google Parent Alphabet to sell Cyber Security Software!

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Alphabet Inc, which now happens to be the parent company of Google, has disclosed that it will soon start rolling out cybersecurity software to fortune 500 companies- a move which could make Google as a leader in corporate computing.

The cybersecurity unit dubbed as Chronicle is actually said to be a machine learning software offering company that detects and analyzes cyber threats by sifting through tons of data.

Stephen Gillett, a former executive of Symantec Corp and currently the CEO of Google Chronicle said that access to Google’s expertise will be done through automated data analysis to give the companies an edge in cyber landscape.

As the global cyber security market is ready to reach a $100 billion mark by 2019, Google sees a big opportunity to tap into the market and gain prospects by this year-end.

Obviously, vendors who are already offering cybersecurity tools like Symantec, Palo Alto Networks Inc, and Cylance Inc will feel the heat if in case Google steps into the business of cybersecurity with its current relationships with customers and Alphabet’s big cash pile.

Gillett, also a former Chief Information Officer of Starbucks Corp said that Alphabet’s new Cybersecurity related company Chronicle will aim to identify problems within seconds’ time frame instead of hours or days while using traditional tools.

As of now, not much is known about the Chronicle’s technology and its working. But it is said to work in integration with the technology of VirusTotal which was acquired by Google in 2012.

In the past couple of years, Alphabet has shown a lot of interest in expanding their core online business to other fields related to Information Technology. And it has also shown its valiance in the world of cloud computing by offering products and services in competing with Amazon and Microsoft Corporation.

Chronicle, happens to be the 3rd business spun out of the company’s ‘X’ research lab and into the holding company- a business process termed as “Graduation” in the corporate world.

Before companies like Verily and self-driving car company, Waymo were the ones which were spun into the business by Alphabet followed by thermostat maker Nest.

Note- Stephen Gillett is the co-founder of the company Chronicle started in Feb 2016. Gillett started the company after he met two former Google Cyber Security Leaders Shapor Naghibzadeh and Mike Wiacek at Google Ventures (GV) in 2015. GV happens to be the venture capital investment arm of Alphabet.

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Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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