‘ServiceNow is building the security platform of tomorrow,’ said Amit Zavery, president, chief operating officer, and chief product officer at ServiceNow, in a statement.
ServiceNow said Tuesday it will acquire cyber exposure management vendor Armis for $7.75 billion.
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The all-cash deal will boost ServiceNow’s “security workflow offerings and advance AI-native, proactive cybersecurity and vulnerability response across all connected devices,” according to a press release announcing the deal.
ServiceNow said the acquisition “will create a unified, end-to-end security exposure and operations stack that can see, decide, and act across the entire technology footprint by connecting real-time asset discovery, threat intelligence, and risk prioritization with automated remediation and response workflows.”
Bloomberg last week reported that ServiceNow was in advanced talks to acquire Armis.
“ServiceNow is building the security platform of tomorrow,” said Amit Zavery, president, chief operating officer, and chief product officer at ServiceNow, in a statement. “In the agentic AI era, intelligent trust and governance that span any cloud, any asset, any AI system, and any device are non-negotiable if companies want to scale AI for the long-term.”
ServiceNow said it will fund the transaction through a combination of cash on hand and debt. The company had $2.73 billion in cash and cash equivalents as of Sept. 30, according to a regulatory filing. The deal is expected to close in the second half of 2026, subject to customary regulatory approvals and closing conditions. Armis’ team of 950 will join ServiceNow after the deal closes, a ServiceNow spokesman told CRN.
The acquisition news, which was announced two days before Christmas, comes after Armis announced raising $435 million in new funding in early November, as well as achieving a $6.1 billion valuation in connection with the round.
Armis said at the time that it was continuing to prepare for an initial public offering, which has been a goal for the company for the past several years. In September 2023, Armis co-founder and CEO Yevgeny Dibrov told CRN the vendor was stepping up its efforts to achieve readiness for an IPO.
The company’s annual recurring revenue recently reached $300 million—up more than 50 percent from the same time a year earlier—and Armis is on a “path to $1 billion in ARR,” the vendor said in a news release in early November.
ServiceNow, meanwhile, has continued to bolster its security platform, including through a recently announced agreement to acquire identity security startup Veza. The deal, disclosed in early December, is reportedly in the vicinity of “at least” $1 billion, according to The Information.
Well-Funded Player
Founded in 2016, San Francisco-based Armis has been among the most well-funded cybersecurity vendors in recent years, with a total of $1.06 billion raised over four funding rounds since February 2021.
Armis’ funding round announced in November was led by Growth Equity at Goldman Sachs Alternatives.
The vendor recently debuted a number of advancements for improving security and visibility into IT and OT environments as well as all connected assets. With version 25.3 of its Centrix platform, the company launched the Armis MCP Server and revamped its Centrix Assistant with the aim of making interactions simpler and more intuitive.
Kyle Alspach contributed to this story.
