ServiceNow Inc. has announced an agreement to acquire artificial intelligence firm Moveworks for $2.85 billion. This purchase reflects ServiceNow’s strategic expansion into AI tools designed to execute tasks autonomously, without the need for human oversight.
The acquisition, which was reported earlier by Bloomberg News, is ServiceNow’s largest to date. The company confirmed the deal in a statement released on Monday. The transaction will involve both cash and stock and is anticipated to finalize in the second half of 2025, according to the statement.
