(Bloomberg) – Servicenow Inc. is approaching.
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The software company puts the finishing touches on a deal for Mountain View, based in California, which can be announced as soon as the coming days, according to the people. They said that the purchase can be estimated at 3 billion dollars.
People said that although the discussions are advanced, they can be delayed or stumbled, as people said, they ask not to learn to discuss secret information. A representative of Servicenow refused to comment. A spokesman for Moveworks cannot be accessed immediately to comment.
It was created in 2016, and Moveworks provides companies with artificial intelligence assistants to deal with employee requests. Its technology is used by companies including Unilever PLC and GitHub Inc. And Broadcom Inc. , According to its website. Moveworks received support from investors including Kleiner Perkins, Lightspeed Venture Partners and Bain Capital Ventures. The company’s value was $ 2.1 billion in a 2021 financing round.
Under the leadership of CEO Bill McDirmot, Servicenow offers requests that help companies organize and automate their operations and information technology. Like many of its peers, Santa Clara, California, was the headquarters of artificial intelligence features in its products. Before joining Servicenow, McDermott was the CEO of SAP SE, where he supervised a number of prominent acquisitions.
The shares in Servicenow have increased by more than 12 % over the past 12 months, giving the company a market value of about $ 175 billion. In January, she gave a look at sales in the fiscal year that was not less than expectations, saying it focused on fueling the adoption of new artificial intelligence products rather than achieving significant revenues for these tools in the near future.
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