ServiceNow mulls buying Armis to gain full visibility into the IT stack

ServiceNow is reportedly nearing a deal to buy security software company Armis for $7.1 billion to give its customers full stack visibility of their IT estate and eliminate security blindspots, according to Bloomberg.

The companies may announce the acquisition this week.

Founded in 2016, Armis is a privately held company with large enterprise clients such as United Airlines, Colgate Palmolive, and Mondelez. The company's software continually discovers and monitors every part of a customer's technology stack including IT, operational technology, internet of things, and connected medical devices. It combines that with automated risk scoring and vulnerability detection to help IT teams root out risks to the system, enforce security polities, and stop threats before they hit operations.

The company raised $435 million last month during a funding round that saw it valued at $6.1 billion, and says it crossed $300 million in annual recurring revenue in ...