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].

Core Viewpoint - ServiceNow, Inc. is actively pursuing growth through acquisitions, with a notable interest in acquiring cybersecurity startup Armis for approximately $7 billion, which would be its largest acquisition to date [2]. Group 1: Analyst Ratings and Price Targets - Citizens has reiterated a Market Outperform rating on ServiceNow, Inc. with a price target of $1,300 [1]. - Bernstein SocGen Group has also reaffirmed its Outperform rating, maintaining a price target of $1,093 despite a decline in stock price following the acquisition news [3]. Group 2: Acquisition Details - ServiceNow recently completed the acquisition of Moveworks for $2.85 billion, which was its largest purchase until the potential Armis deal [2]. - The acquisition of Armis is seen as a strategic move to enhance ServiceNow's cybersecurity capabilities [2]. Group 3: Market Valuation and Growth Outlook - Bernstein SocGen highlighted that ServiceNow is trading below other large-cap application software companies, suggesting it is undervalued in the current market [4]. - The firm does not anticipate a reduction in ServiceNow's organic growth guidance, supported by rising demand and positive channel checks [5]. Group 4: Company Overview - ServiceNow, Inc. is an American software and technology company that provides an AI platform designed to help organizations digitize, automate, and manage workflows for enterprise operations [5].

"Moveworks accelerates ServiceNow's vision to put AI to work for people across every corner of every business,†said Amit Zavery, president, chief operating officer, and chief product officer at ServiceNow. "With two decades of workflow intelligence built into a single architecture, we're powering the agentic AI operating system for the enterprise. Moveworks' AI Assistant plus ServiceNow's agentic platform will create an AI-native front door that turns conversations into completed work, allowing customers to ...

Group 1: Acquisition Details - ServiceNow is in advanced discussions to acquire Armis, a cybersecurity startup, in a deal potentially valued at up to $7 billion, which would significantly expand ServiceNow's cybersecurity capabilities [1] - A formal announcement regarding the acquisition could be imminent, although there is a possibility that negotiations may falter or another bidder could emerge [1] Group 2: Armis Overview - Armis, founded in 2016 and headquartered in California, specializes in real-time security for connected devices across various industries, focusing on managing cyber risk and securing digital infrastructures [2] - The company’s services are utilized by over 40% of Fortune 100 companies, including seven of the top ten [2] Group 3: Financial Performance and Growth - In November 2025, Armis raised $435 million in pre-IPO funding, valuing the company at $6.1 billion, with significant participation from Goldman Sachs Alternatives and other investors [3] - Armis has observed over 50% growth in annual recurring revenue (ARR), now surpassing $300 million, and has expanded its capabilities through strategic mergers and acquisitions [4] - The company aims to achieve $1 billion in ARR while continuing to pursue both organic and inorganic growth opportunities [4] Group 4: Partnerships and Other Acquisitions - Recently, Armis partnered with KODE Labs and IntelliBuild to provide integrated solutions that combine cybersecurity with operational intelligence for building lifecycle management systems [5] - ServiceNow also announced plans to acquire Veza, an identity security firm, to enhance its Security and Risk portfolios, pending regulatory approvals [5] - Earlier in 2025, ServiceNow signed a deal worth $2.85 billion to acquire Moveworks, an AI assistant and enterprise search technology company [6]

Core Insights - ServiceNow is in advanced talks to acquire security startup Veza for over $1 billion, aiming to enhance its AI Agent-related products and services [1][2] - Veza's subscription software helps enterprises manage access permissions for employees and AI Agents, addressing new security challenges posed by AI [2] - The acquisition could differentiate ServiceNow's offerings in a crowded market of similar AI products from various software vendors [2] Group 1: Acquisition Details - ServiceNow is negotiating a deal that may be announced as soon as next week, although it is not finalized yet [2] - The acquisition is part of ServiceNow's strategy to sell more AI tools to its clients, enhancing its market position [2] Group 2: Veza's Business Model - Veza's annual service contracts, sold through Amazon Web Services, are priced at $100,000 [3] - The company has notable clients including Blackstone, Instacart, and Snowflake, indicating its market relevance [3] - Veza has experienced significant growth, with employee numbers increasing by over 50% in the past year [3] Group 3: Market Context - The demand for data control is rising as AI Agents may lead to new types of cyberattacks, making Veza's solutions increasingly relevant [2] - ServiceNow's previous acquisition of Moveworks for $2.85 billion is currently under antitrust review, highlighting the competitive landscape in the IT services sector [4]

Core Insights - Moveworks has been awarded the 2025 Americas Partner of the Year SDC Emerging Award by Microsoft, recognizing its innovation and successful delivery of customer solutions using Microsoft technologies [1][2][3] Company Achievements - Moveworks was selected from over 2,000 nominations for the award, highlighting its outstanding solutions in the SDC Emerging category [2] - The company has been recognized as one of Fast Company's 2025 Most Innovative Companies in Enterprise and has received multiple accolades, including the 2024 AI Breakthrough Award [3][4] Partnership and Technology - Moveworks has deepened its partnership with Microsoft, integrating its AI Assistant platform with Microsoft technologies to enhance enterprise productivity [2][4] - The company recently launched a dynamic AI platform that allows teams to build and deploy specialized assistants quickly, aimed at automating everyday tasks [7] Market Position - Moveworks serves over 5 million employees across more than 350 large companies, including 10% of the Fortune 500, indicating its significant market presence [4]

Core Insights - Moveworks has announced its availability in the newly unified Microsoft Marketplace, marking a significant milestone in their ongoing collaboration with Microsoft [1] - The partnership aims to deliver secure, scalable, and robust AI solutions to customers, enhancing the overall enterprise experience [1] - Moveworks focuses on empowering employees by providing a comprehensive platform for interacting with various systems within the Microsoft ecosystem [1]

Core Insights - Leidos recognized several companies for their excellence in technology, collaboration, partnership, and innovation at the 8th Leidos Supplier Innovation & Technology Symposium [1][2] Group 1: Award Winners - Amazon Web Services was named Innovation Partner of the Year for consistently providing new ideas and solutions that enhance customer efficiency [2] - Ask Sage received the Emerging Technology Partner of the Year award for outstanding product design and engineering in cutting-edge technology [3] - Carahsoft was awarded Channel Partner of the Year for facilitating efficient market entry and demonstrating a collaborative relationship with Leidos [3] - Moveworks was recognized as Alliance Partner of the Year for supporting customer success through long-term relationships [4] - Sterling was named Small Business Channel Partner of the Year for helping Leidos with innovative solutions that resulted in savings and increased performance [4] Group 2: Individual Recognitions - Doug Huber from Hewlett Packard Enterprise was awarded OEM Account Manager of the Year for excellent service and fostering partnerships [5] - John Peters from CDW-G received the Channel Partner Account Manager of the Year award for his contributions to collaborative partnerships [5] Group 3: Company Overview - Leidos is headquartered in Reston, Virginia, and serves government and commercial customers with digital and mission innovations [6] - The company reported annual revenues of approximately $16.7 billion for the fiscal year ending January 3, 2025, and employs around 47,000 globally [6]

ServiceNow's acquisition of Moveworks is reportedly being reviewed over antitrust concerns | TechCrunch https://t.co/c4h4Y2nvPi ...

Group 1 - ServiceNow is acquiring Moveworks for $2.85 billion, with expectations for the deal to close in the second half of 2025 [2] - The acquisition is currently under antitrust review by the U.S. Justice Department, which began in June [1] - Both companies have received a "second request" for additional information required to proceed with the acquisition [1]