ServiceNow is in advanced talks to acquire cybersecurity startup Armis for up to $7 billion, a deal that would become its largest acquisition, Bloomberg reported citing people familiar with the private discussions.
The sources, who requested anonymity, indicated an announcement could occur as early as this week, though the talks might still collapse. Armis was last valued at $6.1 billion.
Armis specializes in helping companies secure and manage internet-connected devices while protecting them from cyber threats. The company raised $435 million in a funding round slightly more than one month ago. During that period, Armis shared its intentions regarding a public listing with CNBC.
CEO and co-founder Yevgeny Dibrov stated the firm targeted a public listing at the end of 2026 or early 2027, pending “market conditions.” The company also referenced CTO Nadir Izrael in related materials provided courtesy of Armis.
Armis traces its origins to 2016. In August, it announced surpassing $300 million in annual recurring revenue, a threshold reached less than one year after hitting $200 million in annual recurring revenue.
The most recent funding round drew leadership from Goldman Sachs Alternatives’ growth equity fund. CapitalG, the venture arm of Alphabet, participated in this round. Earlier investors encompassed Sequoia Capital and Bain Capital Ventures.
