ServiceNow reportedly in talks to acquire cybersecurity startup Armis
Software company ServiceNow is in advanced talks to acquire cybersecurity startup Armis, last valued at $6.1 billion Bloomberg reported.
Stating that the deal, whose value could reach $7 billion, will be ServiceNow’s largest acquisition, the news source cited people familiar with the situation who did not want their names to be disclosed because the talks were private.
The acquisition could be announced as soon as this week but could still fall through, according to the report.
Armis and ServiceNow did not immediately return CNBC’s request for comment.
Armis, which helps companies secure and manage internet-connected devices and protect them from cyber threats, raised $435 million in a financing round about a month ago and told CNBC about its plans for an eventual IPO.
Armis CEO Yevgeny Dibrov and CTO Nadir Izrael.
Courtesy: Armis
CEO and co-founder Yevgeny Dibrov said Armis aims to go public in late 2026 or early 2027, depending on “market conditions.”
Armis’ decision to be acquired rather than wait for a public listing is a common path for startups right now. IPO markets remain volatile, and many startups are opting to stay private longer rather than risk a quiet debut in the public markets.
Founded in 2016, Armis said in August that it had surpassed 2016 $300 million annual recurring revenuea milestone he reached in less than a year $200 million in ARR.
The latest funding round was led by Goldman Sachs Alternatives’ growth equity fund, with participation from Alphabet’s venture arm CapitalG. Previous backers included Sequoia Capital and Bain Capital Ventures.
Read the full Bloomberg article here.
