Insight partners to acquire cybersecurity firm Armis

Insight Partners, a U.S.-based private equity firm will buy cybersecurity firm Armis, a cybersecurity firm. The company announced on Monday that the deal be at a valuation of $1.1 billion. 

The enterprise security platform of Armis protects Internet of Things (IoT) devices from attacks by identifying malicious or suspicious devices and quarantining them. Devices could be those used in production lines at car man....