April 17, 2024 at 11:31AM
Armis has acquired Silk Security for $150 million to enhance its Centrix Vulnerability Prioritization and Remediation product. It aims to provide security and developer teams with a consolidated view of security findings from various sources. Silk Security, which emerged from stealth mode in 2023, has raised $12.5 million. This acquisition is part of a trend in the cybersecurity industry, with 413 mergers and acquisitions announced in 2023.
From the meeting notes, it’s clear that Armis has acquired Silk Security for $150 million. Armis plans to integrate Silk’s platform into its Centrix Vulnerability Prioritization and Remediation product to enhance its capabilities. This integration will provide a consolidated view of security findings from various sources, including on-prem devices, code, cloud, and application security tools. The intention is to empower security and developer teams to effectively manage the remediation process. Additionally, Silk Security had previously raised $12.5 million and emerged from stealth mode in the summer of 2023. The larger context indicates that cybersecurity-related mergers and acquisitions saw a decrease in both volume and disclosed deal value in 2023, with 413 deals announced. Relevant related acquisitions include Wiz acquiring Gem Security, Cisco completing the $28 billion acquisition of Splunk, and Veracode buying Longbow Security for automated root cause analysis technology.