ServiceNow is in advanced discussions to acquire Armis, a privately held cybersecurity startup, in a deal potentially valued at up to $7bn, as reported by Bloomberg News.
This transaction, if finalised, would represent a significant expansion of ServiceNow’s cybersecurity capabilities. Sources close to the negotiations indicate that a formal announcement could be imminent, though there remains a possibility that talks could falter or another bidder could enter the fray.
Armis, founded in 2016 and headquartered in California, specialises in real-time security for connected devices across various industries.
The cybersecurity company focuses on managing cyber risk and securing digital infrastructures against potential threats. Armis’ services are said to be employed by over 40% of Fortune 100 companies, including seven of the top ten.
In November 2025, Armis announced it had raised $435m in pre-initial public offering (IPO) funding, valuing the company at $6.1bn. Growth Equity at Goldman Sachs Alternatives led this round with substantial participation from CapitalG and the introduction of Evolution Equity Partners as a new investor.
The funding aims to support product development, market expansion, and strategic acquisitions as Armis pursues its objective of achieving $1bn in annual recurring revenue (ARR).
The company has observed more than 50% growth in ARR, now surpassing $300m.
Strategic mergers and acquisitions over the past two years have expanded Armis’ capabilities in cloud computing, AI, and operational technology security, generating additional revenue streams.
This expansion aligns with Armis’ plan to prepare for an IPO while continuing to pursue both organic and inorganic growth opportunities.
Recently, Armis entered into a partnership with KODE Labs and IntelliBuild to provide integrated solutions that combine cybersecurity with operational intelligence for building lifecycle management systems.
Simultaneously, ServiceNow announced plans to acquire Veza, an identity security firm. This move is intended to enhance ServiceNow’s Security and Risk portfolios by focusing on identity security. The acquisition of Veza is pending customary regulatory approvals and closing conditions.
Earlier in 2025, ServiceNow signed a deal worth $2.85bn to acquire Moveworks, an AI assistant and enterprise search technology company.
