ServiceNow Acquires Moveworks for $2.85 Billion to Boost AI Offerings

ServiceNow is acquiring AI and automation company Moveworks for $2.85 billion in cash and stock, with the deal expected to close in late 2025. The acquisition aims to enhance ServiceNow’s AI-driven workflow automation by integrating Moveworks’ enterprise search and AI assistant technology. Moveworks’ clients include Unilever, Instacart, Siemens, and Toyota.

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