ServiceNow to Buy Cyber Startup Armis for $7.75 Billion (2)

ServiceNow Inc.has reached a deal to buy the cybersecurity startup Armis in a deal valued at $7.75 billion, representing its largest acquisition to date.

The Santa Clara, California-based enterprise tech company will pay in cash for San Francisco-based Armis, according to a statement Tuesday that confirmed an earlier Bloomberg News report.

Shares in ServiceNow fell about 1.3% in early trading before markets opened in New York. They closed up around 0.9% on Monday, giving the company a market valuation of about $163 billion.

WATCH: ServiceNow President and COO Amit Zavery explains why the company agreed to buy the cybersecurity startup Armis in a deal valued at $7.75 billion.

Source: Bloomberg

ServiceNow said in a statement it expects to fund the transaction through a combination ...