Insight Partners is acquiring the IoT security software provider through a transaction that will include $100m from Alphabet subsidiary CapitalG.
CapitalG, internet and technology group Alphabet’s growth equity arm, agreed yesterday to provide $100m as part of a $1.1bn acquisition of France-based cybersecurity software provider Armis by growth equity firm Insight Partners.
Insight Partners will put up the majority of the cash for the transaction, with ‘rollover’ from undisclosed existing investors in the company. The deal is expected to close next month.
Armis produces security software for enterprises operating internet-of-things (IoT) or unmanaged devices, such as mobile devices, smart televisions…
