ServiceNow Nears $7B Acquisition of IoT Security Firm Armis

ServiceNow is in advanced talks to acquire the cybersecurity startup Armis, which specializes in securing and managing Internet of Things devices. The deal could potentially value Armis at as much as seven billion dollars.

This acquisition highlights the increasing emphasis on IoT security within the tech industry, as established companies like ServiceNow seek to enhance their security offerings to meet the demands of modern businesses.