Armis Sells to ServiceNow for $7.75 Billion, Halting IPO Plans as Growth Tops 50%

New updates have been reported about Armis.

Cybersecurity provider Armis has agreed to be acquired by enterprise software giant ServiceNow in an all-cash transaction valued at $7.75 billion, a rapid valuation step-up from the $6.1 billion mark it achieved just last month in a $435 million pre-IPO funding round. The deal effectively replaces Armis’s previously stated plan to pursue an IPO in 2026–2027, a path co-founder and CEO Yevgeny Dibrov had described as his personal ambition, underscoring how volatile public markets and limited cybersecurity listings can push high-growth vendors toward strategic M&A instead. Financially, Armis brings an estimated $340 million in annual recurring revenue with year-over-year growth exceeding 50%, positioning the company as a scaled, fast-growing asset that strengthens ServiceNow’s recurring revenue base while crystallizing a substantial return for backers such as Sequoia, CapitalG, and Insight Partners, which collectively invested about $1.45 billion in the business.

Strategically, Armis’s core platform—securing critical infrastructure and connected assets across Fortune 500 enterprises and government agencies—will become a central pillar of ServiceNow’s expanded cybersecurity portfolio, plugging Armis’s operational technology and device visibility capabilities into a larger workflow and IT operations ecosystem. For Armis, the acquisition accelerates access to ServiceNow’s global customer base and distribution channels, potentially increasing deployment scale and cross-sell opportunities beyond what it might have achieved as a standalone pre-IPO company. The transaction also fits into ServiceNow’s broader inorganic strategy, following its acquisitions of Moveworks and Veza, signaling continued consolidation in enterprise security and automation. For executives and investors tracking Armis, the key implications are the shift from an independent IPO story to integration within a larger platform, the monetization of significant private capital at a premium valuation, and the expectation that Armis’s growth trajectory and critical-infrastructure focus will now be leveraged to drive deeper security adoption across ServiceNow’s installed base.