Overview
- ServiceNow signed a definitive all‑cash agreement to buy Armis for $7.75 billion, with closing targeted for the second half of 2026 pending regulatory approvals.
- The company plans to connect Armis’ agentless discovery of OT, IoT, medical and other unmanaged devices with ServiceNow’s CMDB and automated remediation workflows for exposure‑to‑resolution coverage.
- ServiceNow says the deal will more than triple its market opportunity in security and risk after its Security and Risk business surpassed $1 billion in ACV in Q3 2025.
- Armis reports roughly $340 million in annual recurring revenue with about 50% year‑over‑year growth, serves Global 2000 customers with a team of about 950, and had been preparing for a 2026–2027 IPO.
- ServiceNow shares slipped on the announcement as investors weighed price and integration risk, while analysts noted broader cybersecurity consolidation and a forecast for $240 billion in security spending in 2026.