ServiceNow ($NOW) to buy Armis for $7.75B (all-cash) to ramp up “cybersecurity for AI”

What happened

ServiceNow announced its largest-ever acquisition: buying cybersecurity firm Armis for $7.75B in an all-cash deal, aimed at building more proactive security across AI-era infrastructure (cloud, devices, OT/IoT). The deal is expected to close in the 2nd half of 2026 and will be funded with cash and debt.

Why it matters for markets

This is another signal that “workflow platforms + security platforms” are converging. As AI expands the attack surface (more apps, agents, devices, and automation), boards tend to prioritise integrated security and faster response good for platform vendors and integrators, tougher for point-solution vendors competing on a single feature.

Winners -

Workflow  ...