ServiceNow's $7.75B Armis Buy: Game Changer?

ServiceNows acquisition of Armis for $7.75 billion bolsters its security platform, tripling its market for security and risk solutions. Armis brings $340 million in annual recurring revenue, growing over 50% yearly. Analysts praise the strategic fit, and ServiceNow guides for 20.5% subscription revenue growth this fiscal year. With strong financials and a high addressable market, Wall Street agrees its a strong buy, implying 47% upside. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.