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ServiceNow to Boost CRM Offering With Acquisition of Logik.ai's Best-in-class, AI-powered CPQ Solution

1. ServiceNow acquires Logik.ai to enhance its CRM and sales capabilities. 2. The acquisition aims to improve sales efficiency and productivity.

M&A
-12.56%Current Return
VS
-10.1%S&P 500
$824.0304/03 08:49 AM EDTEvent Start
$720.54504/04 03:08 PM EDTLatest Updated
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FAQ

Why Bullish?

Acquisitions often lead to growth opportunities; similarly, ServiceNow's acquisition of Logik.ai can enhance revenue streams by integrating advanced capabilities into their product suite. Historically, successful acquisitions have resulted in increased stock prices in tech sectors.

How important is it?

The acquisition aligns with the growing trend of AI in business solutions, potentially attracting more clients to NOW's offerings and boosting long-term prospects, thereby making the news impactful, but not overwhelmingly so.

Why Long Term?

While the immediate effects may not be drastic, the long-term integration of Logik.ai is expected to establish a stronger market position for ServiceNow, directly benefiting future revenue growth and shareholder value.

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CRMADBEORCL
SANTA CLARA, Calif.--(BUSINESS WIRE)--ServiceNow (NYSE: NOW), the AI platform for business transformation, today announced it signed a definitive agreement to acquire Logik.ai, an industry leader with a modern, AI-powered, and composable Configure, Price, Quote (CPQ) solution. Logik.ai's best-in-class capabilities for sales and commerce will expand ServiceNow's growing CRM footprint and empower sales organizations to close deals faster, boost productivity levels, and achieve greater efficiency.

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