Google $32B Wiz closed; ServiceNow $7.75B Armis/Cisco Astrix/Torq cyber consolidation in $96B wave
Key Questions
What is the Google-Wiz deal and its valuation benchmark?
Google closed a $32B acquisition of Wiz, achieving a 45x multiple on $1B ARR. It sets a benchmark for hyperscaler cloud rivalry post-regulatory thaw.
Details on ServiceNow's Armis acquisition?
ServiceNow completed a $7.75B acquisition of Armis, specializing in cyber exposure management for IoT/AI. Valued at 15x+ multiples, it extends to growth acquirers in cybersecurity.
What is the broader context of cyber M&A activity?
Cybersecurity M&A surged with 38 deals closing in March 2026, including Cisco's talks for Astrix ($250-350M) and Torq. This reflects a $96B consolidation wave amid post-reg thaw.
Wiz 45x ($1B ARR) benchmark; Armis 15x+ IoT/AI cyber extends to growth acquirers; Cisco Astrix $250-350M talks; hyperscaler Cloud rivalry post-reg thaw.
Sources (2)
Updated Apr 30, 2026