ServiceNow to Acquire Armis for $7.75 Billion in Cash

Rumors of a possible buyout surfaced earlier this month, with the official announcement coming just weeks after Armis announced raising $435 million.

IT services giant ServiceNow (NYSE: NOW) has agreed to acquire cybersecurity company Armis in an all cash deal for $7.75 billion.

Rumors of a possible buyout surfaced earlier this month, with the official announcement coming just weeks after Armis announced raising $435 million in what had been described as a pre-IPO round. In addition, Armis co-founder and CEO Yevgeny Dibrov said in September that the end of 2026 was viewed as a good time for an IPO.     

However, Armis has abandoned its IPO plans in favor of an acquisition.

Armis has developed solutions that enable enterprises to discover IT, OT, medical, and IoT assets in their environments. In addition to asset intelligence and visibility, the company’s platform provides protection, risk assessment, vulnerability prioritization, and remediation and ...