ServiceNow is making a $7.75 billion play for cybersecurity firm Armis to bolster, moving on long-simmering rumors to further bolster its end-to-end security offering.

Armis provides cybersecurity services targeted at operational technology (OT) and IoT environments. The firm’s flagship Centrix platform monitors connected devices on a network, ranging across IT, OT, IoT, and internet of medical things (IoMT) settings.

The firm was founded in Israel in 2015, and is now headquartered in Palo Alto, California. Armis earlier this year reported it had reached $300 million in annual recurring revenues and recently closed a new funding round led by Growth Equity at Goldman Sachs Alternatives that valued Armis at $6.1 billion.

ServiceNow, which is one of the world’s largest IT service management (ITSM) providers, is touting the proposed all-cash deal as an expansion of its “security workflow offerings and advance AI-native, proactive cybersecurity, and vulnerability response across all connected devices.”

“ServiceNow is building the security platform of tomorrow,” ServiceNow President and COO Amit Zavery noted in a statement on the deal. “In the agentic AI era, intelligent trust and governance that span any cloud, any asset, any AI system, and any device are non-negotiable if companies want to scale AI for the long-term. Together with Armis, we will deliver an industry-defining strategic cybersecurity shield for real-time, end-to-end proactive protection across all technology estates.”

The deal, which comes just days after rumors started circulating on the proposed transaction, is expected to close during the second half of next year.

The Armis deal also comes on the heels of ServiceNow moving to acquire identity platform management provider Veza for a reported $1 billion. That deal was positioned as bolstering ServiceNow’s identity management capabilities for the AI era, with network and security teams needing to identify between human users, machine accounts, and an increasing proliferation of AI agents.

Those deals also bolster what has been an aggressive and expensive consolidation across the cybersecurity industry in 2025. This includes Google’s still-pending $32 billion acquisition of Wiz, Palo Alto Networks’ $25 billion pursuit of CyberArk, and Cato Networks’ reported $350 million purchase of Aim Security.