Reported 1 day ago
ServiceNow Inc. has announced its agreement to acquire Moveworks, an AI startup, for approximately $2.85 billion as part of its strategy to enhance AI capabilities in automating tasks. This marks ServiceNow's largest acquisition to date, expected to finalize in the second half of 2025. Moveworks, founded in 2016, provides AI assistants that simplify employee requests and is already integrated with many ServiceNow customers. The acquisition signifies ServiceNow's commitment to bolstering its AI offerings amid competitive market conditions.
Source: YAHOO