SecurityFortuneabout 2 hours ago
ServiceNow's $7.75B Armis Deal Averts SaaSpocalypse
13 min read
ServiceNow paid $7.75 billion cash for Armis, a device-monitoring platform, in April 2026, its largest acquisition ever. The deal helped ServiceNow's stock surge 41% in May after a 42% drop, as AI fears fueled the 'SaaSpocalypse' narrative. Founders Yevgeny Dibrov and Nadir Izrael split roughly $930 million.
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