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Alphabet Unveils Chronicle, a New Business Unit Devoted to Cyber Security

Alphabet Unveils Chronicle, a New Business Unit Devoted to Cyber Security

Thursday, 25 January, 2018 - 08:00
Astro Teller, who oversees Google[x], speaks at the South by Southwest (SXSW) interactive, film and music conference in Austin, Texas March 17, 2015. REUTERS/Laura Buckman

Parent company Alphabet Inc. announced the launch of a new subsidiary company, known as Chronicle, devoted to cybersecurity.

Alphabet Inc introduced a new business unit on Wednesday that will sell cyber security software to Fortune 500 companies, Reuters reported.

The move will help the parent of Google to become a major player in corporate computing.

Chronicle was formed in 2016 inside of X, Alphabet’s experimental lab.

Stephen Gillett, chief executive of Chronicle and a former top official at the cyber firm Symantec Corp, said access to Google’s expertise in automated data analysis would give the company an edge over other companies in the cybersecurity market.

The company is testing an early version of its services with some of the 500 firms, but he declined to name them.

"We are absolutely committed to staying ahead of cyber-criminals and we have the resources to see it through," Gillett added.

Unlike most other X efforts, the latest unit will sell services to other companies -- another indication of the shift toward enterprise markets for the tech giant, according to Bloomberg.

The cyber security initiative shows Alphabet’s keenness to grow beyond its core online advertising business at Google and become a huge player in enterprise computing technology.

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