Insight Partners plans to acquire internet of things security startup Armis. The all-cash deal, valued at $1.1 billion, is expected to close in February. Private equity firm CapitalG – the new name for Google Capital will contribute $100 million toward the deal. Armis, based in San Francisco and Israel, has mainly focused on securing IoT and other connected devices. The company recently released a report that showed about 90 percent of all connected devices will be either unmanaged or unsecured by 2021.”]
Source: https://www.govinfosecurity.com/insight-partners-latest-purchase-iot-security-firm-armis-a-13584