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Israeli cyber co Armis in talks on $7b sale - report
En.Globes.Co.Ilยท 2025-12-14 07:55
Core Insights - Armis, a privately-held Israeli cybersecurity company, is in discussions for a potential sale to US-based ServiceNow for up to $7 billion, with an announcement expected soon [1] - ServiceNow is a leading platform for enterprise management and automation, boasting a market capitalization of nearly $180 billion [2] - Armis has recently surpassed an annual revenue of $300 million, growing by $100 million in less than a year, indicating strong demand for its cybersecurity solutions [3] Company Overview - Armis focuses on securing critical assets for large organizations, including airports and oil and gas infrastructure, and has expanded its offerings to address cyber vulnerabilities [5] - The company was previously controlled by Insight Partners, which acquired it in 2020 for $1.1 billion, making them significant beneficiaries of the potential sale [4] - Armis's founders have a history in cybersecurity, having previously worked at Adallom, which was acquired by Microsoft for $320 million in 2025 [5] Investment and Future Plans - The company is considering an IPO, targeting a flotation in late 2026 or early 2027 [3] - Other notable investors in Armis include Goldman Sachs, Google's Capital G, and Brookfield Asset Management, indicating strong backing from prominent financial entities [4]