ServiceNow opens $7.7B ticket titled 'Buy security company, make it Armis'

After over a week of speculation, ServiceNow announced on Tuesday that it has agreed to buy cybersecurity heavyweight Armis in a $7.75 billion deal that will see the workflow giant incorporate a real-time security intelligence feed into its products. The deal is expected to close in the second half of 2026. ServiceNow said it will finance the transaction with a combination of cash and debt. Once the deal is done, ServiceNow plans to join its CMDB (Configuration Management Database) – which maps all of an organization's IT assets – with Armis’ data discovery tools to let customers see vulnerabilities, prioritize their risks, and close holes with automated workflows. The two companies already have several integrations that connect Armis data and insights to ServiceNow, but expect the acquisition will deepen those links. ServiceNow’s security revenue is currently around $1 billion a year. The company hopes buying Armis will triple that figure. In its statement, ServiceNow said customers will no longer have to rely on a patchwork of software solutions to keep their estates safe. “Modern cyber risk doesn’t stay neatly confined to a single silo, and with security built into the ServiceNow AI Platform, neither will we,” Amit Zavery, president, chief operating officer, and chief product officer at ServiceNow said in a statement. Armis has 950 employees, annual recurring revenue of $340 million, and is headquartered in San Francisco. It is a 2025 leader in Gartner Magic Quadrant for C...