Treffer: ServiceNow Said to Near Deal to Buy Armis for Up to $7 Billion.
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The article focuses on ServiceNow Inc.'s advanced negotiations to acquire Armis, a cybersecurity startup, potentially valued at up to $7 billion. Armis, based in San Francisco and founded by veterans of Israeli military cyber intelligence, specializes in identifying and tracking security threats across various industries, including medical and financial services. The acquisition discussions come amid a trend of increased activity in the cybersecurity sector, driven by the rising use of artificial intelligence for threat detection. Armis recently reported $300 million in annual recurring revenue, reflecting significant growth from the previous year. [Extracted from the article]
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