Why ServiceNow Is Eyeing a $7B Buy of Venture-Backed Armis

ServiceNow is reportedly in advanced talks to acquire Armis, a cyber exposure management vendor, for $7 billion. This acquisition would significantly boost ServiceNow’s cybersecurity business, which has been largely overlooked despite reaching a $1 billion annual contract value. While the deal could bring notoriety to ServiceNow’s security offerings, it also presents integration challenges and investor concerns due to the company’s lack of experience with such a large acquisition.