tech
December 23, 2025
ServiceNow's deal blitz gives it an 'AI control tower,' CEO McDermott tells CNBC
The enterprise software company said the deal will bolster its cybersecurity capabilities in the age of artificial intelligence.
TL;DR
- ServiceNow acquires Armis for $7.75 billion in a cash deal.
- The acquisition aims to bolster ServiceNow's cybersecurity capabilities in the age of AI.
- This deal is expected to more than triple ServiceNow's market opportunity for security and risk solutions.
- The acquisition is anticipated to close in the second half of next year.
- ServiceNow has been actively acquiring companies in 2025, including Moveworks and Veza.
- Armis has exceeded $340 million in annual recurring revenue with 50% year-over-year growth.
- The increasing need for cyber exposure management and security platforms is highlighted.
- The cybersecurity market has seen significant deals, including Google's acquisition of Wiz and Palo Alto Networks' deal for CyberArk.
Continue reading the original article