Overview
- Bloomberg reports the companies are negotiating a deal that could be announced this week, though the talks remain unconfirmed and could still collapse, and both firms declined comment.
- If completed, the purchase would be ServiceNow’s largest acquisition to date.
- Armis provides real-time security and visibility for connected and unmanaged devices across industries and says it serves more than 40% of the Fortune 100.
- The company surpassed $300 million in annual recurring revenue after crossing $200 million less than a year earlier and raised $435 million in November at a $6.1 billion valuation while eyeing a 2026–2027 IPO.
- ServiceNow shares fell sharply Monday as analysts flagged the reported price relative to Armis’s revenue and execution risk, including a downgrade from KeyBanc to underweight with a $775 target.