Serviceenow to move the AI ​​portfolio to $ 2.85B

Serviceenow agrees to buy on Monday Candle’s worksEnvironmental automation and AI tools developing.

Serviceenow will pay $ 2.85 billion for action work in cash and stock mixture. Waiting for the previous transaction to be closing in the second half of 2025. Bloomberg declare Sunday night late.

In June 2021, the leading work was estimated at $ 2.1 billion.

“With the acquisition of action, the service will receive another giant leap in the AI-powered business transformation of the Agentic AI-powered,” said the President and Coo Amit Zavene said. The “action work” is a talented team and elegant EU-first experience, combined with a powerful AI-based workflow automation of Serviceenow, Super Download-Landing will give the game variable results for adoption and customers. “

Zaven, the transaction is meaningful for the service and the actions already have a number of interaction customers and the offers of the two companies are strongly combined. “Combines) the power of the ServiceNow by adding to the corporate family,” (…) AI (…) AI assistant and enterprise search technology “(…) EU’s (…) EU (…) said Zavy.

MoveWorks was founded in 2016 by Bhavin Shah, Vaibhav Nivargi, Varun Singh and Jiang Chen. A previously established update, an application that explains the concepts of people in the expanded social networks of users (LinkedIn won In 2015). A business analytical platform called Nivargi ClaritySingh was a leading product manager in META, which controls Facebook development on Facebook. Chen, Yahoo, Google and AirbnB came to work in their work.

Making action based on the mountain view, helps in 2019, hidden secret hidden hidden hidden hidden hidden hidden enterprise clients help automate a support of a high level. Over the years, starting, other business lines, including HR, expanded their product portfolio to manage finance and facilities.

The company’s customers include Unilever, Instacart, Siemens and Toyota, website. Serviceenow was able to increase more than $ 300 million, including moving work, Tiger Global, Iconig, Iconiq, Iconiq growth and Kleiner Perkins. There are more than 500 employees.

“Carriers hide the face of workers in the workplace by giving an easy, attractive starting place to move and move along the system of any enterprise,” he said. “Being part of Servisenov offers an incredible opportunity to promote our promise through an AI Agent-aged platform to speed up our innovations and prominent our innovations for staff and customer service groups.”

The transaction adds a strategy to embrace SerVicenow’s AI technologies. Company in January acquisition Cuein, “AI-Native” conversation data analysis platform, to increase data development capabilities.

Serviceenow claims that the fastest growing in the history of the latest AI solutions. The company said that as of December 2024, 2024, the annual contract value of about 1,000 AI Customer and Pro Plus was about $ 200 million.

In the most recent financial quarter (Q4 2024), Santa Clara Based Servisenow declare The subscription income occurred as a result of AI adoption. $ 2.96 billion.