IT services giant ServiceNow (NYSE: NOW) has agreed to acquire cybersecurity company Armis in an all cash deal for $7.75 billion.
Rumors of a possible buyout surfaced earlier this month, with the official announcement coming just weeks after Armis announced raising $435 million in what had been described as a pre-IPO round. In addition, Armis co-founder and CEO Yevgeny Dibrov said in September that the end of 2026 was viewed as a good time for an IPO.
However, Armis has abandoned its IPO plans in favor of an acquisition.
Armis has developed solutions that enable enterprises to discover IT, OT, medical, and IoT assets in their environments. In addition to asset intelligence and visibility, the company’s platform provides protection, risk assessment, vulnerability prioritization, and remediation and compliance capabilities.
ServiceNow and Armis under an existing partnership already offer multiple integrations that connect Armis’ data and insights to ServiceNow’s workflow action.
ServiceNow says the acquisition is expected to more than triple its market opportunity for security and risk solutions.
The latest funding had valued Armis at $6.1 billion. Several publications reported this summer that private equity firm Thoma Bravo had been in talks to acquire Armis in a $5 billion deal.
Over the past two years, Armis acquired CTCI, Silk Security, and Otorio.
The Armis acquisition announcement comes shortly after ServiceNow confirmed an agreement to acquire identity security company Veza Security. ServiceNow did not disclose financial terms, but it has been reported that the deal is valued at more than $1 billion.
“In the era of AI and agents, the benefits and value will be enormous, but so is the complexity,” said Larry Feinsmith, head of Global Tech Strategy, Innovation & Partnerships at JPMorgan Chase. “The combination of ServiceNow and Armis provides a dynamic picture of an enterprise’s connected technology assets and an AI and agentic powered blueprint to secure and enable trusted AI.”
The transaction is expected to close in the second half of 2026, subject to regulatory approvals and customary closing conditions.
After the transaction is complete, Armis’ team will join ServiceNow.
SecurityWeek’s cybersecurity M&A tracker has cataloged roughly 400 deals to date in 2025. An analysis of this year’s mergers and acquisitions will be published in early 2026.
Related: Cybersecurity M&A Roundup: 30 Deals Announced in November 2025
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