Has raised $58 million, attempts reverse domain name hijacking — Siemplify, which

Firm filed dispute following failing to purchase domain name.

Cybersecurity firm Siemplify, registered as Cyarx Technologies Ltd, has been found to have attempted reverse domain name hijacking for the domain Siemplify.com.

Siemplify filed a cybersquatting case against the owner of the domain under the Uniform Domain Name Dispute Resolution Policy (UDRP). It did these even though the domain name owner registered the domain ahead of Siemplify existed as a brand. Firms that file cybersquatting disputes must show that the registrant registered the domain in bad faith to target the brand holder. Since Siemplify.com was registered ahead of the brand was created, it’s impossible that the Respondent registered it in bad faith to target the Siemplify.

It appears that Siemplify filed the case following failing to acquire the domain for the price it wanted. The firm, which has raised $58 million in funding, tried to negotiate a purchase ahead of filing the UDRP. This is known as “Plan B” reverse domain name hijacking.

Siemplify uses the domain name Siemplify.co.

SIEM is a common term for Security Information and Event Management, and the domain owner states he registered it with this in mind.

Pearl Cohen Zedek Latzer Baratz represented Siemplify. Douglas M. Isenberg represented the domain owner. World Intellectual Property Organization panelist Flip Jan Claude Petillion decided the dispute.