ServiceNow buys Israeli cybersecurity co Armis for $7.75b | The US software company will also pay Armis employees hundreds of millions of dollars to remain in their jobs.

Summary: ServiceNow has agreed to buy Israeli cybersecurity company Armis for $7.75 billion in cash, one of the biggest tech deals ever in Israel. The deal also includes hundreds of millions of dollars in bonuses to keep Armis employees, pushing the total value above $8 billion.

Armis provides cybersecurity tools that help organizations see and protect all their systems, including IT, medical devices, industrial and critical infrastructure. The company serves large enterprises and government bodies and has been growing fast.

The acquisition is part of ServiceNow’s push to expand into security and risk management and marks its first major move into Israel.