ServiceNow to acquire cyber firm Armis in $7.75 billion deal The cybersecurity firm Armis is being acquired for $7.75 billion by software giant ServiceNow. ServiceNow announced the deal on Tuesday, explaining the acquisition will expand its security offerings and help it to advance “AI-native, proactive cybersecurity and vulnerability response.” Founded by Israeli military veterans in 2015, Armis started out as an IoT and operational technology security company before expanding to cyber exposure management. Armis co-founder Yevgeny Dibrov said Armis was created to protect critical environments and offer real-time intelligence to the public and private sector. The company recently surpassed $340 million in annual recurring revenue and has about 950 employees. ServiceNow plans to fund the…