Service now, advancing the acquisition of cybersecurity startup Amis… the largest in history at 10 trillion KRW

Cloud software company ServiceNow(NOW) is reportedly in the final stages of negotiations to acquire cybersecurity startup Armis. On the 14th, Bloomberg(, citing sources, reported that the deal could be valued at up to $7 billion) approximately 10.8 trillion KRW(. If the transaction is completed, this will be the largest acquisition in ServiceNow’s history.

This news comes just two weeks after ServiceNow announced it would acquire Veza for over $1 billion) approximately 1.44 trillion KRW(. Industry analysts interpret that ServiceNow aims to strengthen its strategic position in identity recognition security, crossing traditional boundaries such as cybersecurity, asset visibility, and exposure analysis, by bringing Armis into its fold.

Armis operates a cloud-based network security platform that provides visibility, risk assessment, and real-time security functions for all connected assets. Its core technology allows comprehensive vulnerability management of IT devices, IoT), and OT( devices without installing software agents.

The platform employs an AI-based analytics engine that learns from billions of device data worldwide, enabling real-time anomaly detection and automatic threat response. Its competitive advantage lies in helping enterprises prioritize vulnerability management based on asset importance and exposure.

Currently, Armis is collaborating with global companies across various industries, including Nasdaq), Colgate-Palmolive(, The Mater Hospital), United Airlines(, the Port of Antwerp-Bruges, and DocuSign. Its business scope also broadly covers healthcare, manufacturing, public institutions, and critical infrastructure.

Founded in 2015, Armis is a representative fast-growing security startup. After Insight Partners acquired a majority stake in 2020, the company raised an additional $300 million) approximately 430 billion KRW( in November 2021, valuing it at $3.4 billion) approximately 4.9 trillion KRW(. In 2024, Armis raised $200 million) approximately 2.9 trillion KRW( at a valuation of $4.2 billion) approximately 6.05 trillion KRW(, and last month completed a $435 million) approximately 627 billion KRW( funding round led by Google)'s( investment arm CapitalG.

Armis’s main investors include Goldman Sachs), CapitalG, Georgian, General Catalyst, Evolution Equity Partners, Insight Partners, Brookfield Asset Management(, One Equity Partners, and Alkeon Capital.

Although both parties have not issued official statements regarding the acquisition, given that ServiceNow has positioned identity security and asset integrated management as a future growth axis, the completion of this deal could further expand its M&A strategy into other areas of cybersecurity. As AI automation platforms and cloud enterprise software markets deepen integration, the importance and valuation of security technology are rising in tandem.