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]