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M&A Deal Summary

Insight Partners Acquires Armis

On January 6, 2020, venture capital firm Insight Partners acquired information technology company Armis for 1.1B USD

Acquisition Highlights
  • This is Insight Partners’ 14th transaction in the Information Technology sector.
  • This is Insight Partners’ 7th largest (disclosed) transaction.
  • This is Insight Partners’ 61st transaction in the United States.
  • This is Insight Partners’ 15th transaction in California.
Investment Fate
  • Armis was sold to a consortium of financial buyers in 2021.
  • Armis was sold to a publicly-traded strategic buyer in 2025 for 7.8B USD.

M&A Deal Summary
Date 2020-01-06
Target Armis
Sector Information Technology
Buyer(s) Insight Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.1B USD

Target

Armis

San Francisco, California, United States
Armis is an enterprise IoT security service provider that discovers devices on and off the network, continuously analyzes endpoint behavior to identify risks and attacks, and protects critical information and systems by identifying suspicious or malicious devices and quarantining them. Armis was established in 2015 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Insight Partners

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 75 of 99
Sector: Information Technology M&A 14 of 18
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 5
State: California M&A 15 of 19
Country: United States M&A 61 of 79
Year: 2020 M&A 1 of 5
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 5nine Software

West Palm Beach, New Jersey, United States

5nine Software, Inc. is a global Hyper-V virtualization management and security provider. The company offers agentless security and management solutions for Microsoft Hyper-V. 5nine Software provides innovative, powerful, yet easy-to-use software designed to reduce costs, increase productivity and mitigate security risks. 5nine Software was founded in 2009 and is headquartered in Boston, Massachusetts with additional offices located in New Jersey, Chicago, and Europe.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 Checkmarx

Ramat Gan, Israel

Checkmarx is a provider of Application Security Testing (AST) software that helps developers identify and address critical vulnerabilities in an application’s code. Checkmarx was founded in 2006 and is based in Ramat Gan, Israel.

Sell $1.2B
Mergr

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