ServiceNow Acquires Atrinet NetACE Network Technology To Accelerate Business Transformation For Telcos; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
ServiceNow has acquired Atrinet's NetACE network technology to enhance business transformation for telecommunications companies (telcos). This acquisition aims to address the inefficiencies in network management by integrating NetACE's network discovery and activation capabilities into the Now platform. This will provide stronger connectivity for telco workflows and improve alignment across networks, accelerating ServiceNow's telecom-related offerings and moving towards closed loop automation for telecom networks. The terms of the acquisition were not disclosed.
February 26, 2024 | 7:50 am
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ServiceNow's acquisition of Atrinet's NetACE technology is set to enhance its offerings for the telecom sector, aiming to streamline network management and support business transformation.
The acquisition of Atrinet's NetACE by ServiceNow is directly relevant to ServiceNow's strategic expansion in the telecom sector. By integrating NetACE's capabilities into its Now platform, ServiceNow is likely to enhance its value proposition to telcos by offering more efficient network management solutions. This move could potentially lead to increased adoption of ServiceNow's products in the telecom industry, positively impacting its stock price in the short term.
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