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ServiceNow is buying cybersecurity startup Armis for $7.75 billion in cash. This acquisition comes after Armis recently raised $435 million and aimed for an IPO, but opted for a merger instead. Armis generates $340 million in annual recurring revenue and focuses on security for critical infrastructure.
ServiceNow has acquired Data World, marking its second acquisition in a short span after purchasing Moveworks. This move is part of ServiceNow's strategy to enhance its capabilities in data management and analytics.