ServiceNow Bolsters AI Capabilities with $2.85 Billion Moveworks Acquisition
Summary
ServiceNow is bolstering its AI capabilities with a massive $2.85 billion acquisition of Moveworks, a company specializing in enterprise automation and AI tools, enabling ServiceNow to combine its existing AI and automation offerings with Moveworks' AI assistant and enterprise search technology.
Key Points
- ServiceNow will acquire Moveworks for $2.85 billion to expand its AI portfolio.
- Moveworks develops enterprise-focused automation and AI tools for IT support, HR, finance, and facilities management.
- The deal will allow ServiceNow to combine its AI and automation capabilities with Moveworks' AI assistant and enterprise search technology.