ServiceNow announced its acquisition of Moveworks for $2.85 billion, expected to close in late 2025. The acquisition aims to strengthen ServiceNow’s AI-driven automation by integrating Moveworks' advanced automation and AI capabilities. ServiceNow’s President, Amit Zavery, highlighted the strategic fit since both companies share mutual customers and have tightly integrated products. Moveworks, founded in 2016, specializes in automating IT support and has expanded its service offerings across various business sectors, positioning the combined companies for significant AI adoption and innovative outcomes in enterprise resource management.
"With the acquisition of Moveworks, ServiceNow will take another giant leap forward in agentic AI-powered business transformation," ServiceNow president and COO Amit Zavery said in a press release.
"By folding Moveworks into its corporate family, ServiceNow has an opportunity to build a platform that combines ServiceNow's agentic AI and automation strengths with Moveworks' AI assistant and enterprise search technology," Zavery said.
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