Home / Business and Economy / ServiceNow Buys Armis for $7.75B Cybersecurity Boost
ServiceNow Buys Armis for $7.75B Cybersecurity Boost
23 Dec
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.
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.
The deal is expected to close in the second half of 2026. This significant investment underscores ServiceNow's commitment to strengthening its cybersecurity offerings in a landscape marked by high-profile breaches affecting major corporations. Armis reported crossing the $300 million milestone in annual recurring revenue in August, with plans to reach $1 billion within three years.
