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Alphabet launches cybersecurity firm Chronicle [CNN]

ALPHABET INC CL C (GOOG)  More Company Research Source: CNN
US:NASDAQ Investor Relations: abc.xyz/investor
PDF Alphabet launches cybersecurity firm Chronicle Google's parent company, Alphabet, is launching a business to protect companies from hackers. Chronicle, a new company under the Alphabet umbrella, calls itself a "cybersecurity intelligence and analytics platform." It spun out of Alphabet's research and development arm X (formerly Google[x]) where it was founded in February 2016. Alphabet is a holding company created by Google in 2015 as part of a corporate restructuring. The company includes Google, Verily and Nest. In a blog post , Chronicle CEO Stephen Gillett said security threats are growing quickly, and budgetary restrictions and talent shortages can make it hard for businesses to keep up. With the Alphabet ( GOOG ) infrastructure behind it, Chronicle will provide a better security platform than other offerings, according to Gillett. "We want to 10x the speed and impact of security teams' work by making it much easier, faster and more cost-effective for them to capture and analy [Read more]

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