ServiceNow is acquiring cybersecurity firm Armis for $7.75 billion to enhance its AI-native cybersecurity and vulnerability response capabilities. This strategic deal reflects ServiceNow’s efforts to stay competitive amid major acquisitions in the cybersecurity industry by companies like Google and Palo Alto Networks. #Armis #ServiceNow #Wiz #CyberArkSoftware #Moveworks
Keypoints
- ServiceNow announced the acquisition of Armis for $7.75 billion to expand its security portfolio.
- Founded in 2015, Armis specializes in IoT, operational technology security, and cyber exposure management.
- The deal aims to improve AI-driven, proactive cybersecurity and vulnerability management offerings.
- ServiceNow plans to fund the acquisition through cash and debt, with closing expected in late 2026.
- The acquisition reflects broader industry trends of major tech firms acquiring cybersecurity companies to stay competitive.
Read More: https://therecord.media/servicenow-cyber-armis-acquisition