ServiceNow in Advanced Talks to Acquire Cybersecurity Firm Armis for $7 Bn

ServiceNow is in advanced discussions to acquire Armis, a U.S.-Israeli cybersecurity company,  in a transaction that could be valued at as much as $7 billion, according to a Bloomberg News report citing people familiar with the matter.

The deal, if finalized, could be announced in the coming days, although the talks remain fluid and could still collapse or attract interest from another bidder. Neither ServiceNow nor Armis responded to requests for comment outside normal business hours.

Armis, founded in 2016, specializes in securing connected devices and operational technology environments in real time. Its platform is designed to protect enterprises against threats targeting unmanaged and Internet-connected assets, an area of growing concern as organizations expand their use of cloud services, IoT devices and AI-driven systems.

The company raised $435 million in a funding round in November, which valued Armis at approximately $6.1 billion. At the time, Armis had been preparing for a potential initial public offering in 2026, according to people familiar with its plans.

Armis counts more than 40% of Fortune 100 companies among its customers, reflecting strong demand for advanced security capabilities as cyber risks intensify across industries. Enterprises globally have faced a surge in high-profile cyberattacks this year, leading to billions of dollars in financial losses and widespread data exposure.

For ServiceNow, a potential acquisition of Armis would mark another significant step in expanding its security and risk management portfolio. The company has increasingly positioned its workflow automation platform as a central system for digital operations, including IT service management, governance, risk and compliance, and security operations.

Industry analysts have noted that cybersecurity resilience is becoming a board-level priority, driven by regulatory scrutiny and the operational impact of breaches on critical infrastructure and business continuity. A deal of this scale would underscore continued consolidation in the cybersecurity market, as large enterprise software providers look to strengthen their security offerings amid escalating threat activity.

If completed, the transaction would rank among the larger cybersecurity acquisitions in recent years, highlighting the strategic value of real-time device visibility and threat detection in modern enterprise environments.