Dec 13 (Reuters) – ServiceNow is in advanced talks to buy Armis, a cybersecurity startup that had been eyeing an initial public offering next year, in a deal that may be valued at as much as $7 billion, Bloomberg News reported on Saturday, citing people familiar with the situation.
The deal could be announced in the coming days but talks may fall apart or another potential bidder may emerge, the report added.
ServiceNow and Armis did not immediately respond to Reuters’ request for comment outside business hours.
U.S.-Israeli cybersecurity firm Armis raised $435 million in its fundraising round in November, valuing the company at $6.1 billion.
Founded in 2016, Armis secures connected devices in real time to protect against cyber threats, and serves more than 40% of the Fortune 100 companies.
Demand has been surging for advanced digital security services after a series of cyberattacks that cost billions in monetary losses and data leaks across the globe this year alone. Lawmakers have been calling to make cyber-resilience a board-level priority.
(Reporting by Nilutpal Timsina and Mihika Sharma in BengaluruEditing by Rod Nickel and David Gregorio)
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