DeeperML

ServiceNow has announced its acquisition of Moveworks, an AI startup, for $2.85 billion in a cash-and-stock transaction expected to close in the latter half of 2025. This acquisition, the largest in ServiceNow's history, is aimed at boosting the company's agentic AI capabilities by integrating Moveworks' AI-driven platform into the ServiceNow Platform. The combination will create a unified, end-to-end search and self-service experience for employees across various workflows.

The move will see more than 500 Moveworks employees join ServiceNow, significantly expanding its AI team. Moveworks specializes in front-end agentic AI tools designed to enhance workplace efficiency through conversational AI assistants that automate employee support. ServiceNow plans to leverage Moveworks' technology to accelerate enterprise-wide AI adoption and innovation, with no layoffs anticipated as a result of the acquisition.

ImgSrc: www.thedailyups

References :

• gbhackers.com: ServiceNow Acquires Moveworks for $2.85 Billion to Boost AI Capabilities
• eWEEK: ServiceNow Buys AI Startup Moveworks for $2.85B: What It Means for Markets
• WebProNews: ServiceNow acquiring Moveworks ‘to extend leading agentic AI’
• AiThority: ServiceNow to Extend Leading Agentic AI to Every Employee for Every Corner of the Business With Acquisition of Moveworks.
• AI News | VentureBeat: ServiceNow expands AI offerings with pre-built agents, targeting broader enterprise adoption
• techstrong.ai: In a deal that could shake up enterprise automation, ServiceNow Inc. agreed on Monday to acquire artificial intelligence (AI) firm Moveworks for $2.85 billion.
• Verdict: As part of the deal, Moveworks' more than 500 employees will move to ServiceNow's team.
• AI News: ServiceNow deploys AI agents to boost enterprise workflows
• CXO Insight Middle East: ServiceNow’s latest platform release – enhances AI Agents, workflow intelligence, & observability management
• techstrong.ai: ServiceNow's Agentic AI Play Builds on Moveworks Acquisition
• The Daily Upside: ServiceNow’s Moveworks Acquisition Adds Front-End Tools, AI Talent
• TechInformed: ServiceNow’s $3bn deal to buy Moveworks AI; Intel names new CEO

Classification:

• HashTags: #AgenticAI #Acquisition #ServiceNow
• Company: ServiceNow
• Target: Enterprises
• Product: Moveworks
• Feature: AI
• Type: AI
• Severity: Informative