Inside the $8 billion cybersecurity acquisition that rescued ServiceNow from the ‘Saaspocalypse’

In April 2026, ServiceNow paid $7.75 billion cash for Armis, a platform that monitors connected devices and flags security risks. This was noted as the largest acquisition in ServiceNow’s history, following market instability dubbed “SaaSpocalypse.” From the exit, co-founders Yevgeny Dibrov and Nadir Izrael split roughly $930 million between them.