What is ServiceNow's latest acquisition?

ServiceNow has agreed to buy cybersecurity startup Armis for $7.75 billion in cash.

Why is ServiceNow buying Armis?

ServiceNow aims to integrate Armis' device scanning and threat detection capabilities into its AI platform to enhance cybersecurity offerings.

What was Armis' valuation before the ServiceNow deal?

Armis was valued at $6.1 billion in a November funding round and was preparing for an IPO.

Home / Business and Economy / ServiceNow Buys Armis for $7.75B Cybersecurity Boost

ServiceNow Buys Armis for $7.75B Cybersecurity Boost

23 Dec

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Summary

ServiceNow acquired cybersecurity startup Armis for $7.75 billion.
The deal aims to enhance ServiceNow's AI platform with Armis' security features.
Armis was valued at $6.1 billion in November and planned an IPO.

ServiceNow Buys Armis for $7.75B Cybersecurity Boost

Enterprise software maker ServiceNow has announced its agreement to purchase cybersecurity startup Armis for $7.75 billion in an all-cash transaction. This acquisition is designed to integrate Armis' robust security features, including device scanning and threat detection, into ServiceNow's AI-driven platform. The move is a strategic effort to attract new customers by addressing the increasing sophistication of cyberattacks.

ServiceNow has been actively expanding its capabilities through strategic acquisitions. In recent months, the company has invested in Veza, Moveworks, and Logik.ai to enhance its customer relationship management, sales, and AI functionalities. Armis, founded in 2015, was valued at $6.1 billion during a November funding round and had been preparing for an initial public offering, indicating its strong market position.