ServiceNow to acquire agentic AI platform Moveworks in $2.9B deal
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.
US-based software company ServiceNow is nearing a deal to purchase AI company Moveworks, reported Bloomberg citing sources.
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ServiceNow will buy AI firm Moveworks for US$2.85 billion ($4.5 billion) in cash and stock, marking the software maker's ...
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