ServiceNow to buy cybersecurity startup Armis for $7.75 billion

ServiceNow has agreed ‍to buy cybersecurity startup Armis for $7.75 billion in cash, the companies said on ⁠Tuesday, as the enterprise software maker looks to attract new customers amid growing risks of cyberattacks.

The company is aiming to integrate Armis’ security features such as ‌device scanning, ‌threat detection and vulnerability prioritization to its AI-powered platform, a crucial advantage amid increasingly ‌sophisticated cyberattacks that have hit companies ranging from Microsoft to UnitedHealth Group .