March 10, 2025:
ServiceNow Acquires Moveworks to Boost AI Portfolio - ServiceNow announced the acquisition of Moveworks for $2.85 billion in cash and stock to boost its AI and automation capabilities. Moveworks, renowned for its enterprise-focused AI tools, will be integrated into ServiceNow's existing offerings, enhancing their impact on AI-powered business transformation.
Founders Bhavin Shah, Vaibhav Nivargi, Varun Singh, and Jiang Chen have led Moveworks from an IT support innovator to a versatile enterprise solutions provider, serving clients like Unilever and Toyota. The acquisition aligns with ServiceNow's strategy to embrace emerging AI technologies and expand its customer base.
