Investments, News

Google acquires cybersecurity technology startup, Impermium

After Yahoo, it seems that Google has decided to go on aggressively this year with its acquisition spree. Recently, the search giant has acquired California, US based cybersecurity technology startup, Impermium, as revealed from a blog post. This is Google’s third acquisition at the start of the year 2014 with previous deals including smart thermostat maker, Nest and developer of TImely Alarm clock, Bitspin.

The other terms of the deal have remain undisclosed, however according to TechCrunch the startup will discontinue its product post acquisition.

Bradley Horowitz, Google’s vice president of product also confirmed the joining of Imperium team with Google in his Google+ post.

Founded in 2010 by Mark Risher, the company aimed at helping the companies in getting spam protection. The product improves company’s account management by identifying fraudulent registrations, compromised logins, and risky transactions.

As per Mark, by joining Google, their team will merge with some of the best abuse fighters in the world. “With our combined talents we’ll be able to further our mission and help make the Internet a safer place. We’re excited about the possibilities”, he added.

Recently, we have seen a breach in the security system of many companies including Yahoo, Skype, Snapchat and BBM. Not only this disrupts the services of the company but also hamper the trust of their users.

Impermium has protected over 1.5M sites and has processed over 8B total transactions in its 3-year history. The company raised a total of USD 9 Mn in two rounds of funding. The investors include Accel Partners, AOL Ventures, Charles River Ventures, Data Collective, Freestyle Capital, Greylock Partners, Highland Capital Partners, Morado Ventures, and the Social+Capital Partnership.

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