ServiceNow to acquire Armis for $7.75 billion

American tech giant ServiceNow announces its largest-ever acquisition, buying cybersecurity firm Armis for $7.75 billion. The deal is expected to be finalized soon.

American company 'ServiceNow' has reached an agreement to acquire the cybersecurity startup 'Armis' in a deal valued at approximately $7.75 billion, which will be the largest acquisition in the company's history. ServiceNow, based in Santa Clara, California, said it will pay cash for Armis, which is headquartered in San Francisco, thus confirming a previous Bloomberg report. The company stated that it expects to finance the deal with a mix of available liquidity and debt, and the deal is expected to be completed... ServiceNow shares closed up about 0.9% in New York trading on Monday, increasing the company's market capitalization to about $163 billion.

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