ServiceNow reportedly in advanced talks to acquire cybersecurity firm Armis for $7 billion

Cloud software maker ServiceNow Inc. is reportedly in advanced discussions to acquire cybersecurity company Armis Inc. for as much as $7 billion, a deal that could be announced in the coming days. This potential acquisition would mark ServiceNow's largest to date, following its recent agreement to purchase Veza Inc. for over $1 billion, according to a recent report by Silicon Angle.

Armis, founded in 2015, specializes in cyber exposure management, providing visibility and security for all connected assets within enterprise environments. Its platform, Armis Centrix, continuously monitors an organization's digital attack surface, inventorying assets and assessing risks without requiring agents on devices. The company utilizes an AI engine to classify devices, detect anomalies, and alert on deviations from secure baselines. Armis serves various sectors including healthcare, manufacturing, government, and critical infrastructure, with notable clients like Nasdaq and United Airlines. The company has raised approximately $1.17 billion over several funding rounds, with its most recent valuation reaching $4.2 billion in October 2024.

This significant acquisition, if finalized, would underscore ServiceNow's commitment to expanding its cybersecurity offerings and addressing the growing complexity of managing connected devices. The deal also highlights the ongoing trend of consolidation within the cybersecurity industry as companies seek to offer more comprehensive solutions.

Source: Silicon Angle