By Denny Jacob
ServiceNow agreed to acquire Moveworks for $2.85 billion in a cash and stock deal, part of a greater focus on artificial intelligence within the company.
ServiceNow, the cloud-based software company, said the deal will combine its agentic AI and automation strengths with Moveworks' front-end AI assistant and enterprise search technology. ServiceNow said it plans to further integrate solutions such as customer relationship management and customer service.
The deal is expected to close in the second half of this year.
ServiceNow in January expanded roles of several members of its leadership team in response to opportunities with AI. Among the changes were Chief Customer Officer Chris Bedi being tapped as special adviser to the chairman for AI transformation, while Chief People Officer Jacqui Canney became chief people and AI enablement officer.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 10, 2025 09:34 ET (13:34 GMT)
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