ServiceNow Armis Acquisition: $7.75 Billion All-Cash Deal Confirmed

ServiceNow has agreed to acquire cybersecurity firm Armis in a significant all-cash transaction. The ServiceNow Armis acquisition is valued at $7.75 billion. This agreement was finalized on December 23, marking a major event in enterprise security M&A. Armis specializes in discovering and protecting IT, OT, and IoT assets, along with providing risk assessment and compliance capabilities.

What Happened

IT services company ServiceNow (NYSE: NOW) reached an agreement to acquire Armis for $7.75 billion. This transaction is an all-cash deal. Armis had previously raised $435 million in a pre-IPO funding round in December 2025. The company later abandoned its plans for an initial public offering to pursue this acquisition instead.

Details From Sources

Acquisition Terms

ServiceNow (NYSE: NOW) agreed to acquire Armis for $7.75 billion in an all-cash deal. This information was reported by SecurityWeek on December 23.

Armis’s Background

Armis had secured $435 million in December 2025 through a pre-IPO funding round, according to SecurityWeek. The company decided to forgo its planned IPO to pursue this acquisition. Armis’s offerings include solutions for enterprises to discover IT, OT, and IoT assets within their environments. Its platform also delivers protection, risk assessment, vulnerability prioritization, remediation, and compliance capabilities, as reported by SecurityWeek.

Why This Matters

This ServiceNow cybersecurity deal integrates Armis’s robust capabilities directly into ServiceNow’s platform. Armis provides comprehensive features for discovering and securing IT, OT, and IoT assets. These include protection, risk assessment, vulnerability prioritization, remediation, and compliance features, enhancing ServiceNow’s existing offerings.

Background Context

This enterprise security acquisition occurred during a period of notable M&A activity in the cybersecurity sector. Significant deals took place in late 2025 and Q1 2026. This trend highlights a dynamic landscape in cybersecurity M&A 2026. Other notable acquisitions include Zurich Insurance Group’s agreement to acquire Beazley for approximately £8.1 billion ($11 billion) in March 2026, driven by cyber insurance leadership. Palo Alto Networks announced its intent to acquire Koi for a reported $400 million in February 2026. Check Point acquired Cyata, Cyclops, and Rotate, believed to be for $150 million, in February 2026. Varonis Systems acquired AllTrue.ai, valued at $150 million, in February 2026. CrowdStrike announced plans to acquire Seraphic Security for approximately $420 million in January 2026. CrowdStrike also announced plans to acquire SGNL for $740 million in January 2026. The broader cybersecurity market revenue is expected to grow to $211.7 billion in 2026, with the security services segment contributing $106.1 billion, according to Statista.

Related Data or Statistics

The cybersecurity market revenue is projected at $211.7 billion in 2026. This represents an annual growth rate of 7.7%, as indicated by Statista. The security services segment is expected to account for $106.1 billion of the total revenues in 2026. The U.S. is anticipated to be the largest cybersecurity market, with a size of $93.0 billion in 2026. Armis’s last funding round secured $435 million in December 2025.

Conclusion

The ServiceNow Armis acquisition for $7.75 billion in cash represents a significant move in the enterprise security market. Armis’s expertise in asset discovery, protection, and compliance for IT, OT, and IoT devices will integrate into ServiceNow’s portfolio. This Armis acquisition news underscores the ongoing strategic M&A activity within the rapidly evolving cybersecurity industry.

FAQ Section

Q1: What is the value of the ServiceNow Armis acquisition?

A1: The ServiceNow Armis acquisition is valued at $7.75 billion in an all-cash deal.

Q2: When was the ServiceNow Armis acquisition agreed upon?

A2: The acquisition was agreed upon on December 23.

Q3: What services does Armis provide?

A3: Armis offers solutions that enable enterprises to discover IT, OT, and IoT assets. It also provides protection, risk assessment, vulnerability prioritization, remediation, and compliance capabilities.

Q4: Did Armis have an IPO planned?

A4: Yes, Armis had abandoned its IPO plans in favor of the acquisition by ServiceNow. This followed raising $435 million in a pre-IPO round in December 2025.

Q5: What kind of companies are ServiceNow and Armis?

A5: ServiceNow is an IT services company, and Armis is a cybersecurity company.