ServiceNow Acquires Armis for $7.7 Billion to Strengthen Security
TL;DR
ServiceNow has announced the acquisition of cybersecurity specialist Armis for $7.75 billion, aiming to integrate real-time security intelligence into its products.
ServiceNow Announces Acquisition of Armis
ServiceNow, a leader in workflow management, has just announced the acquisition of Armis, a cybersecurity specialist, for $7.75 billion. The deal was confirmed after a week of market speculation and aims to integrate real-time security intelligence into ServiceNow's products.
Integration of Security Technologies
With this acquisition, ServiceNow customers will gain access to a new layer of protection. They will be able to visualize vulnerabilities, prioritize risks, and implement solutions to close those gaps through automated workflows. This represents a significant advancement in how companies manage their cybersecurity.
Impact on the Cybersecurity Market
The purchase of Armis positions ServiceNow more competitively in the rapidly growing cybersecurity sector. According to a report by Gartner, the information security market is expected to reach $150 billion by 2026. The integration of Armis's expertise promises to enhance the effectiveness of the services offered by ServiceNow.
Future Prospects
With the acquisition of Armis, ServiceNow not only expands its portfolio but also demonstrates a commitment to tackle contemporary challenges in digital security. Experts believe that this move will enable the company to offer more robust and integrated solutions, addressing the growing demands of the market.
Content selected and edited with AI assistance. Original sources referenced above.
