ServiceNow Buys AI Startup Moveworks for $2.85B

ServiceNow Buys AI Startup Moveworks for $2.85B: What It Means for Markets
ServiceNow expands its AI capabilities with the acquisition of Moveworks, adding 500 employees and enhancing enterprise-wide AI adoption for major companies.
2 Reasons To Buy ServiceNow Stock After Its $2.9 Billion Moveworks Deal
Two factors that could contribute to stronger results are: an unexpected boost in ServiceNow’s agentic AI revenues and a weaker dollar tamping FX headwinds.
ServiceNow to buy Moveworks for $2.85B to grow its AI portfolio
ServiceNow said on Monday that it has agreed to acquire Moveworks, which develops enterprise-focused automation and AI tools. ServiceNow will pay $2.85 billion for Moveworks in a mix of cash and stock. The former expects the deal to close in the second half of 2025. Bloomberg reported the deal late on Sunday night.
ServiceNow adds AI muscle with record $2.9 billion Moveworks deal
ServiceNow said on Monday it would buy AI firm Moveworks for $2.85 billion in cash and stock, marking the software maker's largest-ever acquisition when enterprises are spending heavily on the technology to enhance their IT operations.
ServiceNow to pay $2.85B for Moveworks’ AI tools
The acquisition will bring advanced, agentic AI-powered self-service and enterprise search technologies to customers.
ServiceNow to acquire agentic AI platform Moveworks in $2.9B deal
ServiceNow will pay $2.85 billion for Moveworks, payable in a combination of cash and stock. The arrangement is expected to close during the second half of 2025 subject to regulatory approval and other conditions. After a 2021 $200 million funding round co-led by Tiger Global and Alkeon Capital, Moveworks was valued at $2.1 billion.
ServiceNow to acquire Moveworks for $2.85B
ServiceNow (NOW) announced it has signed a definitive agreement to acquire Moveworks. The acquisition will combine ServiceNow’s agentic AI and
ServiceNow Bulks up AI Muscle with Moveworks purchase
ServiceNow has reached a deal to buy artificial intelligence firm Moveworks for nearly $3 billion. The deal will integrate Moveworks' AI assistants with ServiceNow's applications to offer an AI-powered self-service tool for customers.
ServiceNow to Buy AI Startup Moveworks for Nearly $3 Billion
ServiceNow Inc. has agreed to buy artificial intelligence firm Moveworks for $2.85 billion as part of its push into AI tools ...
ServiceNow’s (NOW) $2.85B Moveworks Deal Sparks Mixed Analyst Reactions
Software company ServiceNow (NOW) announced its largest acquisition to date, agreeing to purchase AI startup Moveworks for $2 ...
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ServiceNow CFO: Moveworks Buy 'Extends Our Leadership In Agentic AI’
ServiceNow’s planned acquisition of Moveworks will bring an agentic AI frontend and search capability to the ServiceNow Now ...
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Moveworks Delivers Big Exit For Early VCs
ServiceNow announced this morning that it is acquiring Moveworks, provider of an enterprise AI assistant platform, for $2.85 ...
Why ServiceNow Stock Is Soaring Today
Shares of ServiceNow Inc. ( NOW 4.08%) are surging on Tuesday. The company's stock gained 4.5% as of 2:50 p.m. ET and was up ...
ServiceNow’s takeover of Moveworks ‘clearly an acquihire,’ says BofA
BofA analyst Brad Sills reiterated a Buy rating and $1,280 price target on ServiceNow (NOW) after the company agreed to acquire Moveworks for ...
ServiceNow to buy AI firm Moveworks for $2.9 billion to tap new customers
The cash and stock deal for privately-owned Moveworks comes as enterprises are increasingly adopting AI and investing in ...
ServiceNow Stock Is Sliding Monday: What's Going On?
ServiceNow Inc (NYSE:NOW) shares are trading lower. The company on Monday announced a deal to acquire Moveworks.