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ServiceNow Makes a $7.75B Cyber Bet in the A.I. Arms Race
Cheddar News
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2 days ago
ServiceNow announced it will acquire cybersecurity startup Armis in a $7.75 billion cash deal.
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00:00
ServiceNow announced it will acquire cybersecurity startup Armus in a $7.75 billion cash deal.
00:07
The company says the acquisition will more than triple its market opportunity in cybersecurity,
00:13
combining ServiceNow's platform with Armus' real-time device and exposure management capabilities.
00:19
The deal, expected to close in the second half of next year and financed with cash and
00:24
debt, comes as Armus boasts over $340 million in annual recurring revenue and roughly 50%
00:31
year-over-year growth.
00:33
Shares of ServiceNow slipped about 2% pre-market, even as the deal underscores a broader surge
00:38
in mega cybersecurity acquisitions across the tech industry.
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