ServiceNow to buy Moveworks for $2.85B to grow its AI portfolio
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ServiceNow has announced its agreement to acquire Moveworks for $2.85 billion, aiming to enhance its AI and automation capabilities.
March 10, 2025 | 1:15 pm
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ServiceNow is acquiring Moveworks for $2.85 billion to expand its AI and automation offerings, which could strengthen its market position.
The acquisition of Moveworks is a strategic move by ServiceNow to enhance its AI and automation portfolio. This could lead to improved product offerings and a stronger competitive position, likely having a positive impact on ServiceNow's stock price in the short term.
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