ServiceNow to Acquire Cybersecurity Startup Armis for About $7.75 Billion
PositiveFinancial Markets
- ServiceNow has announced its agreement to acquire cybersecurity startup Armis for approximately $7.75 billion in cash, a strategic move aimed at capitalizing on the increasing demand for AI-driven security solutions. This acquisition reflects ServiceNow's commitment to enhancing its cybersecurity offerings in a rapidly evolving market.
- The acquisition of Armis is significant for ServiceNow as it positions the company to strengthen its portfolio in the cybersecurity sector, particularly in the realm of AI security, which is becoming increasingly critical for businesses facing sophisticated cyber threats.
- This development highlights a broader trend in the technology sector where companies are actively seeking to bolster their security capabilities through acquisitions, particularly in the context of rising concerns over cybersecurity and the integration of AI technologies across various industries.
— via World Pulse Now AI Editorial System
