Armis

ServiceNow is acquiring cybersecurity firm Armis for $7.75 billion in an all-cash deal. This strategic move aims to significantly enhance ServiceNow’s security offerings, particularly in the AI era, and expand its addressable market for security and risk solutions. The acquisition, expected to close next year, follows ServiceNow’s recent purchases of Moveworks and Veza, contributing to a unified “AI control tower.” Armis brings over $340 million in annual recurring revenue and robust growth, solidifying ServiceNow’s position in the cybersecurity market.

words.ServiceNow is close to acquiring cybersecurity startup Armis in a deal valued at up to $7 billion, its largest ever. Armis, recently funded with $435 million and targeting an IPO by 2026‑27, boasts $300 million in annual recurring revenue and expertise in securing enterprise IoT devices. The acquisition would let ServiceNow embed device‑security into its Now Platform, creating cross‑sell opportunities, richer data analytics, and a stronger stance against rivals like Microsoft. Success hinges on integrating the two engineering cultures and retaining Armis talent amid a booming cyber‑spending market and a sluggish IPO environment.