ServiceNow wants to buy security company Armis for $7 billion

"According to sources, ServiceNow is in advanced negotiations to acquire cybersecurity company Armis. The latter focuses primarily on exposure management. The deal could be worth up to $7 billion and may be announced within the next few days. Bloomberg reported last Saturday that ServiceNow is in talks with Armis about an acquisition that would be the largest in the company's history. Two weeks ago, ServiceNow announced the acquisition of data security platform Veza for reportedly more than $1 billion."

"The talks are at an advanced stage, but a deal could still fall through or another potential bidder could come forward, according to sources who wished to remain anonymous due to the confidential nature of the negotiations. Neither ServiceNow nor Armis has commented on the reports. Ambitious acquisition strategy In addition to Veza, the company previously acquired AI firm Moveworks for $2.85 billion earlier this year. This is clearly part of its push toward AI tools that can complete tasks without human supervision."

"Armis, founded in 2015 by veterans of the Israeli intelligence services, focuses on protecting modern business environments. The company offers visibility, risk management, and real-time security for all connected assets. This includes traditional IT equipment as well as newer IoT and OT systems. The Armis Centrix cloud-native security platform continuously monitors an organization's entire digital attack surface, including inventorying all asset types and tracking device behavior."

ServiceNow is in advanced negotiations to acquire cybersecurity company Armis in a deal that could reach $7 billion and may be announced within days. Armis specializes in exposure management, offering visibility, risk assessment, and real-time security across IT, IoT, and OT assets. The Armis Centrix cloud-native platform inventories assets, monitors device behavior, assesses risks agentlessly, and leverages an AI engine trained on behavioral data from billions of devices. ServiceNow recently acquired Veza and Moveworks as part of an acquisition push toward AI-driven automation and security, though talks could still falter or invite competing bids.

Read at Techzine Global