US enterprise software company ServiceNow (NYSE: NOW) announced today that it is acquiring Israeli cybersecurity company Armis for $7.75 billion in cash. This is one of the biggest cybersecurity deals signed in Israel in recent years and the fourth biggest ever. "Globes" understands that in addition to the payment, the deal includes bonuses worth hundreds of millions of dollars to Armis employees to stay in their jobs, which takes the value of the overall deal over $8 billion. ServiceNow provides software ...

Uh let's get let's get more about this deal. Just so people know this is Service Now uh buying uh Amos and Armis and that's to expand cyber exposure. So let's go right to it. Uh this is a CNBC exclusive. Bill, welcome back to Squawk on the Street. >> Thank you very much, Jim. >> Okay, so Bill, why do you need to do this? You've come on many, many times and said, "Look, we are the single source of truth. We've got the AI control tower for business. Why do you need to have a layer of of cyber security.Because ...

Core Viewpoint - ServiceNow has agreed to acquire cybersecurity startup Armis for $7.75 billion in cash, aiming to enhance its security capabilities amid increasing cyberattack risks [1][4]. Group 1: Acquisition Details - The acquisition is intended to integrate Armis's security features, such as device scanning, threat detection, and vulnerability prioritization, into ServiceNow's AI-driven platform [1][4]. - The deal is expected to be completed in the second half of 2026 [3][7]. Group 2: Financial Impact - Following the announcement of the potential acquisition, ServiceNow's stock price fell approximately 2%, and it experienced a significant drop of nearly 12% on December 15, resulting in a loss of about $20 billion in market value [5]. - ServiceNow has made several acquisitions recently, including Moveworks for $2.85 billion, Logik.ai for $506 million, and Veza, with financial details undisclosed [5][7]. Group 3: Armis Background - Armis was valued at $6.1 billion during a funding round in November and is preparing for an initial public offering [6]. - Founded in 2015, Armis has set a three-year plan to achieve $1 billion in annual recurring revenue after surpassing the $300 million milestone in August [6].

The all-cash deal to acquire cybersecurity company is expected to close in the second half of 2026. ...

Core Viewpoint - ServiceNow has agreed to acquire cybersecurity startup Armis for approximately $7.75 billion in cash, aiming to capitalize on the increasing demand for AI security [1] Group 1 - The acquisition price of Armis is set at about $7.75 billion [1] - This strategic move is intended to leverage the growing market for AI security solutions [1]

ServiceNow has agreed to buy cybersecurity startup Armis for $7.75 billion in cash, the companies said on Tuesday, as the enterprise software maker looks to attract new customers amid growing risks of... ...

Core Viewpoint - ServiceNow is set to acquire cybersecurity startup Armis for $7.75 billion, enhancing its cybersecurity capabilities and significantly expanding its market opportunity in security and risk solutions [1][2]. Group 1: Acquisition Details - The acquisition deal is valued at $7.75 billion and is expected to close in the second half of next year, financed through a combination of cash and debt [1][2]. - The acquisition will more than triple ServiceNow's market opportunity for security and risk solutions, positioning the company strongly in the cybersecurity sector [1]. Group 2: Strategic Implications - ServiceNow aims to deliver a comprehensive cybersecurity shield for real-time, end-to-end proactive protection across all technology estates in collaboration with Armis [2]. - The acquisition aligns with the growing importance of cybersecurity in the age of artificial intelligence, indicating a strategic move to enhance ServiceNow's offerings in this critical area [1][2]. Group 3: Financial Context - Prior to the announcement, shares of ServiceNow fell approximately 2% [2]. - Armis had previously raised $435 million at a valuation of $6.1 billion, indicating its significant market presence and potential [3].

By Kritika Lamba and Jaspreet Singh Dec 23 (Reuters) - ServiceNow on Tuesday agreed to buy cybersecurity startup Armis for $7.75 billion, in the ​enterprise software maker's biggest-ever deal, as it bolsters its services ‌to help counter rising cyberattacks driven by AI adoption. Through the deal, the company aims to ‌integrate Alphabet-backed Armis' security features such as device scanning and threat detection, a crucial advantage amid sophisticated cyberattacks that have hit companies ranging from Mic ...

The deal expands ServiceNow's reach into cybersecurity as it aims to create an 'AI control tower.' ...

ServiceNow, Inc. (NYSE:NOW) is one of the AI Stocks on the Market’s Radar. On December 17, Bernstein SocGen reiterated an “Outperform” rating on the stock with a $1,093.00 price target. Deeming NOW as the “cheapest large-cap software stock” after selloff, the firm sees the stock’s valuation as overly discounted compared to fundamentals and peers. “The ‘cheapest’ large cap software stock?!? This is a title we didn’t think we’d ever write for a business we labeled as ‘the next Microsoft’. Yesterday we defen ...