ServiceNow Makes Strategic Investment In Leading Consulting & Implementation Partner Plat4mation; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
ServiceNow (NYSE:NOW) and Keensight Capital announced a strategic investment in Plat4mation, a leading ServiceNow implementation partner. This marks the first European investment by ServiceNow Ecosystem Ventures, aiming to accelerate customer value and drive growth through partners. Plat4mation will focus on digital transformation in Germany's Mittelstand sector, leveraging ServiceNow's AI technology. The investment will support Plat4mation's expansion and the training of over 400 new ServiceNow skilled individuals in Germany and central Europe.
February 06, 2024 | 2:14 pm
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ServiceNow's strategic investment in Plat4mation aims to enhance its presence in Europe, particularly in Germany's Mittelstand sector, by leveraging AI technology and expanding ServiceNow's skilled workforce.
ServiceNow's investment in Plat4mation is a strategic move to expand its European footprint and capitalize on the digital transformation needs of Germany's Mittelstand sector. By focusing on AI technology and increasing the number of skilled ServiceNow professionals, the company is likely to see enhanced market penetration and customer value, potentially leading to increased demand for ServiceNow's offerings and positive stock price movement in the short term.
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