Insight Partners to buy cybersecurity firm Armis at $1.1 billion valuation

(Reuters) - U.S.-based private equity firm Insight Partners will buy cybersecurity firm Armis at a valuation of $1.1 billion (835.6 million pounds), the companies said on Monday.Armis will continue to operate independently and will be fully managed by its two co-founders and executive team. (https://reut.rs/2SYB4vP)Insight Partners in April participated in a $65 million funding round for Armis that brought the company's total funding to $112 million. That round was led by Sequoia Capital.Armis..