Armis Secures $300 Million Investment

<p><strong><span class&equals;"xn-location">PALO ALTO<&sol;span> <&sol;strong>&&num;8212&semi; <u>Armis<&sol;u>&comma; a cyber security platform provider&comma; has closed its latest investment round and increased its valuation to <span class&equals;"xn-money">&dollar;3&period;4 billion<&sol;span>&period; <u>One Equity Partners<&sol;u> &lpar;&&num;8220&semi;OEP&&num;8221&semi;&rpar;&comma; in conjunction with existing investors&comma; made a combined <span class&equals;"xn-money">&dollar;300 million<&sol;span> investment to accelerate strategic platform development and global go-to-market initiatives&comma; and to support future acquisitions&period;<&sol;p>&NewLine;<p>OEP will also be joining the board of directors&period;<&sol;p>&NewLine;<p>&&num;8220&semi;One Equity Partners is the exact type of investor we need at this juncture&period; They deeply understand our sector and their acquisition expertise will help support us in achieving our expansion goals and objectives&comma;&&num;8221&semi; said Yevgeny Dibrov&comma; Chief Executive Officer and Co-Founder&comma; Armis&period; &&num;8220&semi;We look forward to OEP joining our board and working with our investor group to continue to scale and to acquire a number of strategically important assets&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Armis&&num;8217&semi; growth has been fueled by capturing an ever-increasing market share in a rapidly growing market and by expanding into new verticals and regions&period; Prior to this investment&comma; Armis raised <span class&equals;"xn-money">&dollar;300 million<&sol;span> in total financing&period; Over the past 3 years&comma; Armis reported an 8&comma;826&percnt; increase in revenue and is among the fastest-growing cybersecurity companies globally&period; In recognition of the rapid expansion&comma; Deloitte recently ranked Armis as the 25<sup>th<&sol;sup> fastest-growing technology company in <span class&equals;"xn-location">North America<&sol;span> in the <u>2021 Deloitte Technology Fast 500<&sol;u>&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Armis is the industry leader when it comes to asset visibility and security&comma;&&num;8221&semi; said <span class&equals;"xn-person">Ori Birnboim<&sol;span>&comma; Managing Director&comma; OEP&period; &&num;8220&semi;We see a growing need for enterprises in a unified offering&comma; and we are excited to work together with our partners to further accelerate the growth trajectory of the company and safeguard assets around the world&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The close alignment of the OEP portfolio and the capabilities of Armis across healthcare&comma; industrial OT&comma; and technology will drive significant investments in customer acquisition and expansion&period; <u>Allegro MicroSystems<&sol;u>&comma; a global leader in sensing and power semiconductor technology for motion control and energy efficiency&comma; will be the first OEP portfolio company to deploy Armis protection throughout their networks&period;<&sol;p>&NewLine;