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News  ›  Benzinga

ServiceNow In Talks To Buy Cybersecurity Unicorn Armis

Benzinga Logo Benzinga By Akanksha Bakshi
ServiceNow In Talks To Buy Cybersecurity Unicorn Armis

ServiceNow is in advanced talks to acquire cybersecurity firm Armis for potentially up to $7 billion, which would be the company's largest acquisition to date. Armis, a U.S.-Israeli cybersecurity startup, serves over 40% of Fortune 100 companies and was last valued at $6.1 billion.

Insights
SMLR   neutral

Mentioned in context of a potential merger, but no specific details about current performance were provided


NOW   neutral

Pursuing strategic acquisition but stock price dropped 8.11% on the day, with an analyst downgrade