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ServiceNow to Extend Leading Agentic AI to Every Employee for Every Corner of the Business With Acquisition of Moveworks

1. ServiceNow announced acquisition of Moveworks to enhance AI capabilities. 2. This merger aims to improve employee experiences across businesses.

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FAQ

Why Bullish?

Acquisitions often lead to innovation and growth. Historical examples include Salesforce’s acquisitions boosting its stock post-announcement.

How important is it?

The acquisition positions ServiceNow for enhanced market competitiveness, driving investor interest and potential share price increase.

Why Long Term?

The full benefits of the acquisition will take time to materialize, similar to ServiceNow's previous acquisitions.

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NOWCRMMSFT
SANTA CLARA, Calif.--(BUSINESS WIRE)--ServiceNow (NYSE: NOW), the AI platform for business transformation, today announced it has signed a definitive agreement to acquire Moveworks. The acquisition will combine ServiceNow's agentic AI and automation strengths with Moveworks' front-end AI assistant and enterprise search technology to unlock new experiences for every employee for every corner of the business. Following closing, together with Moveworks, ServiceNow – with thousands of AI agents alr.

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