ServiceNow to buy Moveworks for $2.85B to grow its AI portfolio
1. ServiceNow acquired Moveworks for $2.85 billion in cash and stock. 2. Moveworks enhances ServiceNow's AI offerings and enterprise automation capabilities. 3. The acquisition is expected to close in the second half of 2025. 4. ServiceNow reported $2.96 billion in subscription revenues in Q4 2024. 5. Moveworks had a valuation of $2.1 billion as of June 2021.