Israeli cybersecurity start-up Armis in talks to be bought by ServiceNow for up to $7 billion – report

Armis cyber unicorn co-founders Yevgeny Dibrov (right) and Nadir Izrael. (Courtesy)
Armis cyber unicorn co-founders Yevgeny Dibrov (right) and Nadir Izrael. (Courtesy)

ServiceNow Inc. is in advanced talks to purchase Israeli-founded cybersecurity startup Armis in a deal that could be worth up to $7 billion, Bloomberg reports.

The report cites a number of people familiar with the situation, who say that the deal could be announced in the coming days. However they note that the agreement could still fall apart or other bidders could announce.

Headquartered in Palo Alto, California, Armis was founded in late 2015 to allow companies to adopt new connected devices — without fear of cyberattacks.

In 2020, Armis was acquired by US-based Insight Partners, a venture capital and private equity firm, in a cash deal that values the Israeli firm at $1.1 billion. The deal marked the largest ever for a private Israeli cybersecurity firm.

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