Report: ServiceNow in late-stage talks to acquire cyber start-up Armis
NeutralArtificial Intelligence
- ServiceNow is reportedly in late-stage negotiations to acquire the cybersecurity startup Armis, with the deal potentially valued at up to $7 billion, marking a significant step in the company's expansion into cybersecurity solutions. This follows ServiceNow's recent acquisition of identity security startup Veza for an estimated $1 billion to $1.5 billion.
- The acquisition of Armis would represent ServiceNow's largest purchase to date, enhancing its portfolio in the cybersecurity domain and potentially providing a competitive edge in a rapidly evolving market where cybersecurity threats are increasingly prevalent.
- This development reflects a broader trend in the tech industry where companies are consolidating their positions in cybersecurity, driven by rising concerns over data breaches and the need for robust security solutions. As organizations prioritize security, such acquisitions may reshape the competitive landscape, influencing investment strategies and market dynamics.
— via World Pulse Now AI Editorial System
