ServiceNow to Buy Armis for Approximately 7.75 Billion Cash

ServiceNow disclosed agreements to acquire Armis for approximately 7.75 billion dollars in cash, according to its securities filings. The transaction, subject to customary adjustments and regulatory approvals, is expected to close in the second half of 2026. ServiceNow said it expects to finance the deal through a combination of cash on hand and debt, and that Armis’ employees will join ServiceNow upon closing.

The acquisition aims to expand ServiceNow’s Security and Risk offerings by integrating Armis’ real time device risk intelligence and asset visibility across IT and operational technology environments into the Now Platform. Company filings describe the move as a step toward AI native, proactive cybersecurity and an autonomous security control tower that can identify and respond to vulnerabilities across a broader attack surface, including medical devices and other connected systems.

ServiceNow’s Security and Risk business crossed the one billion dollar annual contract value threshold in the third quarter of 2025, and executives framed the Armis purchase as a way to accelerate AI adoption and strengthen trust across increasingly connected enterprise environments. The company’s recent strategic purchases include prior agreements valued in the billions, and the Armis transaction would be its largest acquisition to date.

Armis, founded in 2015 by Israeli military veterans, has built a business centered on cyber exposure management and cyber physical security. The firm provides continuous asset visibility and real time device risk intelligence for enterprises, government entities and critical infrastructure operators. Reports cited in company materials place Armis’ headcount at about 950 employees and its annual recurring revenue at more than 340 million dollars. In the month before the agreement Armis raised 435 million dollars in a pre IPO funding round that valued the company at 6.1 billion dollars. PitchBook data referenced in filings indicates Armis has raised roughly 1.45 billion dollars in venture capital from investors that include Sequoia, CapitalG and Insight Partners.

Market observers have noted that the cybersecurity sector saw some of the largest strategic deals in 2025 as cloud vendors and security providers raced to embed advanced defensive capabilities and AI into their platforms. Large transactions this year included multibillion dollar purchases that reshaped vendor portfolios and signaled intense competition for security expertise and technology. ServiceNow’s bet on Armis places device and exposure intelligence at the center of its strategy to differentiate Now Platform offerings and support customers confronting hybrid IT and OT attack surfaces.

Company disclosures referenced advisors to the transaction but did not detail specific names in the filings that were made public. The parties expect to work through regulatory reviews and customary closing conditions before completing the transfer of Armis into ServiceNow’s portfolio in the second half of next year.