It has been reported that ServiceNow, a software company that provides workflow management for enterprise customers, is preparing to announce its acquisition plan of Moveworks in the coming days, with a value that could reach up to 3 billion dollars. Moveworks is a company that develops AI assistant systems to manage employee requests within organizations, with major clients such as Unilever, GitHub, and Broadcom. Currently, the company is valued at approximately 2.1 billion dollars after raising funds in 2021 from investors like Kleiner Perkins, Lightspeed Venture, and Bain Capital. This deal is expected to allow ServiceNow to enhance its AI capabilities in the company’s products.
TLDR: ServiceNow is set to announce the acquisition of Moveworks, a company specializing in AI assistant systems, with a potential value of 3 billion dollars. This move is expected to strengthen ServiceNow’s AI features.
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