ServiceNow is set to acquire Armis for $7.75 billion to enhance its cybersecurity capabilities and service offerings.

Information on the Target

ServiceNow is poised to enhance its service offerings through the significant acquisition of Armis for $7.75 billion, marking ServiceNow's largest acquisition to date. Armis is a frontrunner in cyber exposure management, specializing in safeguarding Internet of Things (IoT), operational technology (OT), and medical devices. With reported annual recurring revenue (ARR) of $340 million and over 50% year-over-year growth, Armis represents a strong addition to ServiceNow's portfolio, which focuses on digital workflows and enterprise automation.

This acquisition not only strengthens ServiceNow’s position in the cybersecurity market but also enhances its ability to provide comprehensive risk management solutions to its clients. The integration of Armis's capabilities will enable ServiceNow to deliver enhanced visibility and control across various digital environments, ensuring more robust security against emerging threats.

Industry Overview in the Target’s Specific Country

The cybersecurity sector in the United States continues to experience significant growth, driven by increasing threats from cybercriminals and a rapidly evolving technological landscape. As organizations increasingly rely