Armis

Stories

The race to build the security operating system

Being acquired by ServiceNow for $7.75B, second-half 2026 close expected

ServiceNow just agreed to pay $7.75 billion in cash for Armis, a cybersecurity startup that tracks vulnerabilities across hospital medical devices, factory equipment, and corporate networks. It's ServiceNow's largest acquisition ever—and its third billion-dollar security buy in 2025 alone. CEO Bill McDermott calls it building an "AI control tower" for cybersecurity, while Wall Street calls it a land grab.

Updated May 16

ServiceNow’s 5-for-1 stock split hits its record date, setting up a lower-priced ‘reset’ for trading

Money Moves

Acquisition by ServiceNow for $7.75 billion announced Dec 23, 2025; close expected H2 2026

ServiceNow's 5-for-1 stock split executed on schedule: shares distributed after market close December 17, split-adjusted trading began December 18. The mechanical transition was clean—one $850 share became five $170 shares—but the 'fresh start' narrative got drowned out almost immediately by deal noise and analyst skepticism.

Updated May 15