ServiceNow Eyes $7 Billion Acquisition of Cybersecurity Leader Armis
CNBC
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Contributed by: Drex DeFord
Summary
ServiceNow is reportedly in advanced talks to acquire cybersecurity startup Armis, valued at $6.1 billion, in what could become ServiceNow's largest acquisition at up to $7 billion. Armis specializes in protecting internet-connected devices from cyber threats, a growing concern for healthcare organizations increasingly reliant on connected technology. The potential deal illustrates a trend of startups preferring acquisition routes amidst volatile IPO markets and highlights the importance of cybersecurity in healthcare technology as organizations seek to safeguard sensitive patient data. If completed, this acquisition could significantly enhance ServiceNow's offerings and strengthen the cybersecurity posture of its healthcare clients.
