ServiceNow, Inc.

ServiceNow is an enterprise software platform company using a stock split to broaden accessibility and improve trading flexibility. - Stock split executed Dec 17-18; navigating investor skepticism over $7.75B Armis acquisition announced Dec 23

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 Jan 1

Enterprise workflow platform competing to become the operating system layer for business operations and security. - Acquiring Armis for $7.75B after $3.85B in prior 2025 security acquisitions

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. Wall Street calls it a land grab.

Updated Dec 27, 2025