"ServiceNow Inc. has reached a deal to buy the cybersecurity startup Armis in a deal valued at $7.75 billion, representing its largest acquisition to date. The Santa Clara, California-based enterprise tech company will pay in cash for San Francisco-based Armis, according to a statement Tuesday that confirmed an earlier Bloomberg News report. Shares in ServiceNow fell about 1.3% in early trading before markets opened in New York."
"Founded by veterans of Israeli military cyber intelligence, San Francisco-based Armis specializes in identifying and tracking security threats on devices, working across a range of industries, including medical, financial services and defense. In early August, Armis' chief executive officer, Yevgeny Dibrov, said the company had reached $300 million in annual recurring revenue, up from $200 million a year ago, and that it was still eyeing a public listing in 2026."
ServiceNow will acquire Armis for $7.75 billion in cash, marking ServiceNow's largest acquisition to date. The company expects to fund the transaction with a combination of cash on hand and debt, with closing targeted for the second half of 2026 subject to regulatory approvals and closing conditions. Armis, founded by veterans of Israeli military cyber intelligence, specializes in identifying and tracking device security threats across industries including medical, financial services and defense. Armis reported $300 million in annual recurring revenue, up from $200 million a year earlier, and had been eyeing a 2026 public listing. ServiceNow plans to integrate Armis' threat prevention data into its cybersecurity suite and expand its AI-enabled enterprise workflow and security capabilities.
Read at www.mercurynews.com
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