ServiceNow expands its AI capabilities with the acquisition of Moveworks, adding 500 employees and enhancing enterprise-wide AI adoption for major companies.

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.

News: ServiceNow’s agentic AI and automation strengths plus Moveworks’ front‑end AI assistant and enterprise search technology to accelerate enterprise AI adoption

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 also expects the integration of Moveworks' capabilities to expedite the delivery of AI-powered solutions and enhance customer interactions. Moveworks co‑founder and C

The acquisition will bring advanced, agentic AI-powered self-service and enterprise search technologies to customers.

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 has bought AI firm Moveworks for $2.8 billion, its most expensive acquisition for their agentic AI capabilities.

Software company ServiceNow (NOW) announced its largest acquisition to date, agreeing to purchase AI startup Moveworks for $2.85 billion in a

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, Inc. (NOW) shares rose sharply after analysts cheered the company’s agreement to acquire Mountain View, California-based agentic artificial intelligence (AI) assistant provider Moveworks for $2.