ServiceNow to expand OT security via Armis acquisition, says William Blair

William Blair tells investors in a research note that ServiceNow’s (NOW) $7.75B all-cash acquisition of Armis strengthens its security workflow offerings and extending its platform beyond IT into OT and IoT asset visibility, detection, and protection. By integrating Armis data into ServiceNow’s Configuration Management Database, the deal enhances unified security workflows and enterprise value across sectors such as healthcare, manufacturing, and the public sector, despite likely investor caution around deal size and increased M&A, the firm says. William Blair has an Outperform rating on ServiceNow shares.