Inside the $8 billion cybersecurity acquisition that rescued ServiceNow from the ‘Saaspocalypse’
The deal for Yevgeny Dibrov’s Armis was Israel’s second-largest tech startup exit ever.
In 2007, Assaf Rappaport met Yevgeny Dibrov while serving in the Israeli Defense Forces' elite Unit 81, tasked with building hardware and surveillance tools. Rappaport recognized Dibrov's potential and made him a commanding officer, who later became his business partner. Together, they launched Armis, a platform that monitors every connected device on an enterprise network, identifying those that pose a security risk.
In April 2026, ServiceNow acquired Armis for $7.75 billion, the largest acquisition in the company's history and a significant exit for the Israeli tech sector. The acquisition bolstered ServiceNow's platform, integrating cybersecurity, IT asset management, and industrial device monitoring under one umbrella. ServiceNow's CEO, Amit Zavery, attributes the company's resilience and success during the SaaS scare of 2026 to this strategic move, emphasizing the importance of a broader, long-term approach.
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