The enterprise software company said the deal will bolster its cybersecurity capabilities in the age of artificial intelligence.
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ServiceNow
will acquire cybersecurity startup Armis in a cash deal valued at $7.75 billion, the company said Tuesday.
Shares fell about 3%.
The enterprise software company said the deal will bolster its cybersecurity capabilities in the age of artificial intelligence and more than triple its market opportunity for security and risk solutions.
Software company ServiceNow is in advanced discussions to acquire Armis, a cybersecurity startup last valued at $6.1 billion.
ServiceNow has been on an acquisition frenzy as it looks to position itself as a key AI software player.
It is one of the big players whose shares have taken a hit amid investor fears around AI. Now it is looking to get in on the AI…
ServiceNow's stock has slumped this year, along with other software names, as AI has threatened to disrupt the industry's…
ServiceNow CEO Bill McDermott pushed back against the idea that artificial intelligence technology will make enterprise software…
The software company beat expectations for earnings and revenue as it continued to expand its artificial intelligence offerings.
