TECHx Media ServiceNow Acquires Moveworks for $2.85B
ServiceNow (NYSE: NOW), an AI-powered business transformation company, has announced the acquisition of Moveworks, a provider of AI assistant and enterprise search technology, for $2.85 billion. This acquisition combines ServiceNow's agentic AI and automation capabilities with Moveworks' AI-driven assistant, offering businesses an enhanced experience for employees and improving operational efficiency across all departments.
The deal will enable ServiceNow to accelerate the adoption of AI across enterprises by integrating Moveworks' front-end AI assistant with its platform. This collaboration aims to redefine employee engagement by offering a universal AI assistant and advanced enterprise search to automate tasks and improve productivity.
ServiceNow's new AI solution has quickly become its fastest-growing product, with nearly 1,000 AI customers and $200 million in annual contract value (ACV) for its Pro Plus AI solution as of December 31, 2024. Moveworks has also seen exceptional adoption of its AI assistant, serving major clients like Palo Alto Networks, Siemens, Toyota, and Unilever. The combination of the two companies' technologies will expand ServiceNow's reach to nearly 5 million employees in just 18 months, further integrating AI across enterprise workflows, from HR and sales to finance and IT.
Amit Zavery, ServiceNow's President and Chief Product Officer, emphasized that the acquisition of Moveworks would drive agentic AI-powered business transformation. The integration of Moveworks' AI assistant with ServiceNow's powerful AI-driven workflow automation will streamline business processes and improve the user experience for employees across every organization.
The transaction strengthens ServiceNow's position in the rapidly growing market for AI solutions, especially in CRM and customer service, by offering a more cohesive experience for sales, fulfillment, and service on a single platform. ServiceNow and Moveworks already share around 250 mutual customers, with ServiceNow integrated into over 100 of Moveworks' technology platforms.
The acquisition is expected to close in the second half of 2025, subject to regulatory approval. ServiceNow will pay $2.85 billion for Moveworks in a combination of cash and stock. J.P. Morgan Securities LLC and Tidal Partners LLC served as financial advisors to ServiceNow.
This strategic move positions ServiceNow to redefine the future of AI in business, accelerating enterprise-wide AI adoption and creating powerful new opportunities for businesses to automate workflows, boost productivity, and improve customer interactions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
6 hours ago
- Arabian Post
Arlo Announces New Audio AI Smart Home Security Feature In Upgrade To Secure Plus Service Plan
Newly Added Arlo Intelligence-Powered Feature Empowers Arlo Secure Subscribers to Make Better Informed Decisions to Protect What Matters Most SINGAPORE – Media OutReach Newswire – 10 June 2025 – Arlo Technologies, Inc . (NYSE: ARLO), a leading smart home security brand, has just announced the next evolution of Arlo's industry-leading home security subscription service in Australia & New Zealand featuring groundbreaking AI technology, Advanced Audio Detection. 'Arlo continues to push the boundaries of what's possible in home security with our relentless focus on industry-first innovations,' said Matthew McRae, Chief Executive Officer at Arlo. 'Leveraging Arlo Intelligence, a high-performance smart security AI engine with robust detection and recognition capabilities, Arlo Secure delivers a smarter, more personalised security experience that empowers quick and informed decision making.' ADVERTISEMENT Arlo Secure Plus enhances the features of Arlo devices and completes the security experience to provide consumers with total protection. Powered by Arlo Intelligence, Arlo Secure provides an intuitive, informed security experience with real, tangible value to users. Its comprehensive suite of AI features help users better understand what's happening in and around their homes, allowing for quick and appropriate responses to potential emergency events. Arlo Secure Plus has now expanded on the previously introduced Person Recognition, Vehicle Recognition, and Custom Detection capabilities to add Advanced Audio Detection. This new capability notifies users when critical sounds such as screams, gunshots, dog barks, glass breaking, or Smoke/CO alarms are detected. Each alert is designed to provide real-time awareness and enable swift action, further strengthening Arlo's commitment to proactive, intelligent security. Advanced Audio Detection includes: Scream Detection: When your camera hears a scream, you'll get an alert so you can act quickly if needed. When your camera hears a scream, you'll get an alert so you can act quickly if needed. Gunshot Detection: At the sound of gunfire, receive an alert about serious activity and view live video At the sound of gunfire, receive an alert about serious activity and view live video Dog Bark Detection: When your dog barks, you'll be notified so you can view live video and determine if it's reacting to a threat or the next door neighbour's cat. When your dog barks, you'll be notified so you can view live video and determine if it's reacting to a threat or the next door neighbour's cat. Glass Break Detection: Get an alert when your camera hears glass breaking and view live video, check your house or car, and notify family at home of suspicious activity. Across Australia and New Zealand, Advanced Audio Detection will be supported on the Essential Indoor 2K & Wired Floodlight and available to customers starting this month. A 30-day trial of Arlo Secure Plus is included with the purchase of these and other Arlo products. For more information on the full range of Arlo smart home security products and comprehensive list of features and services, visit ADVERTISEMENT Hashtag: #Arlo The issuer is solely responsible for the content of this announcement. About Arlo Technologies, Inc. Arlo is an award-winning, industry leader that is transforming the ways in which people can protect everything that matters to them with advanced home, business, and personal security solutions. Arlo's deep expertise in AI- and CV-powered analytics, cloud services, user experience and product design, and innovative wireless and RF connectivity enables the delivery of a seamless, smart security experience for Arlo users that is easy to set up and interact with every day. Arlo's cloud-based platform provides users with visibility, insight, and a powerful means to help protect and connect in real-time with the people and things that matter most, from any location with a Wi-Fi or a cellular connection. Arlo has recently launched several categories of award-winning connected devices, software, and services. These include wire-free, smart Wi-Fi and LTE-enabled security cameras, video doorbells, floodlights, security system, and Arlo's subscription service, Arlo Secure. With a mission to bring users peace of mind, Arlo is as passionate about protecting user privacy as it is about safeguarding homes and families. Arlo is committed to implementing industry standards for data protection designed to keep users' personal information private and in their control. Arlo provides enhanced controls for user data, supports privacy legislation, keeps user data safely secure, and puts security at the forefront of company culture. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. The words 'anticipate,' 'expect,' 'believe,' 'will,' 'may,' 'should,' 'estimate,' 'project,' 'outlook,' 'forecast' or other similar words are used to identify such forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. The forward-looking statements represent Arlo Technologies, Inc.'s (the 'Company' or 'Arlo') expectations or beliefs concerning future events based on information available at the time such statements were made and include statements regarding lowering the barrier of entry and broadening the market for DIT security and Arlo cameras, Arlo video doorbells, Arlo Secure, Arlo Secure Plus, and future Arlo products. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including the following: future demand for the Company's products may be lower than anticipated; consumers may choose not to utilize payment plans or to adopt the Company's new product offerings, or may adopt competing products; and product performance may be adversely affected by real-world operating conditions. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Further information on potential risk factors that could affect Arlo and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risk factors described in the Company's most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q and subsequent filings with the Securities and Exchange Commission. Given these circumstances, you should not place undue reliance on these forward-looking statements. Arlo undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Campaign ME
a day ago
- Campaign ME
WPP CEO Mark Read to step down after 30 years with the company
The Board of NYSE-listed global advertising agency WPP has revealed the Chief Executive Officer Mark Read, will retire from the Board and as CEO on 31 December 2025 after more than 30 years with the company, which includes seven years as the CEO. Read has decided that the time is right for him to hand over to a new leader and the search for a successor is underway. Philip Jansen, Chair of WPP, said, 'On behalf of the Board, I would like to thank Mark for his contributions not only as CEO but throughout his more than 30 years of leadership and service to the Company. During that time Mark has played a central role in transforming the Company into a world leader in modern marketing services, with deep AI, data and technology capabilities, global presence and unrivalled creative talent, setting WPP up well for longer-term success.' Jansen added, 'We are pleased that Mark will continue to lead WPP as CEO until the end of the year, remaining focused on the execution of the Company's growth strategy and supporting a smooth transition to his successor, once appointed.' As the CEO, Mark Read led the company, which employs more than 100,000 talents and creatives, servicing clients and partners around the world. Commenting on his decision to retire, Mark Read, Chief Executive Officer of WPP, said, 'It has been an immense privilege to serve as its CEO for the past seven years. When I took on this role our mission was to build a simpler, stronger business, and put structure and new energy behind our creativity and performance, powered by world-leading technology. I am proud that our teams across the business have delivered that exceptionally well. Our clients today rate us more highly than ever before, we now work with four of the world's five most valuable companies, and our revenues with our biggest clients have grown consistently.' Read added, 'Our business starts with creativity, and I was delighted for our teams that last year we were once again named Creative Company of the Year at Cannes Lions. We have also positioned WPP at the forefront of the industry with our investments in AI and, with the full launch of WPP Open this year, we are now leading the way as AI transforms marketing. We have an exceptional leadership team and a secure financial position that allows us to face the future confidently and capture the opportunities ahead.' 'After seven years in the role, and with the foundations in place for WPP's continued success, I feel it is the right time to hand over the leadership of this amazing company. I am excited to explore the next chapter in my life and can only thank all the brilliant people I have been lucky enough to work with over the last 30 years, and who have made possible the enormous progress we have achieved together. I would also like to thank Phil and the rest of the Board for their steadfast support for me and the wider executive team, and I look forward to supporting them in the transition to my successor in the coming months,' he concluded.
Web Release
5 days ago
- Web Release
Fresh Del Monte Brings Its Iconic Pinkglow® Pineapple to the UAE, Redefining the Premium Fruit Market
Fresh Del Monte Produce Inc . (NYSE: FDP), a global leader in fresh produce and the world's only grower of the patented Pinkglow® pineapple, is expanding the global footprint of its premium pink-fleshed fruit with an exclusive launch in the United Arab Emirates. Beginning June 4, consumers in the UAE can purchase Pinkglow® pineapples only on talabat mart, the quick-commerce arm of talabat, the leading on-demand delivery platform in the MENA region. With its vibrant pink interior, delicate sweetness, and striking presentation, Pinkglow® pineapple has captivated global audiences since its debut. The pineapple is the result of over 16 years of research and development and is exclusively grown in Costa Rica and distributed by Fresh Del Monte, whose vertically integrated operations ensure rigorous quality, sustainability, and flavor standards from field to shelf. Until now, the Pinkglow® pineapple has only been available in select markets across North America and Asia, making its arrival in the UAE a major milestone in its global expansion. In the UAE, the Pinkglow® pineapple will be: Available only on talabat mart for six months. Sold in limited quantities weekly. Priced at AED 125 (approx. USD 34), positioning it as a premium fruit experience. Delivered in bespoke packaging, reinforcing its status as a giftable, must-try delicacy. 'This launch is a continuation of our mission to reimagine how the world experiences pineapples,' said Racha El Aawar, Fresh Del Monte's Director of Regional Marketing in the Middle East. 'We're not just selling fruit—we're curating indulgent, memorable moments rooted in decades of agricultural innovation. talabat mart's reach and cultural resonance in the UAE make them the perfect partner to introduce the Pinkglow® pineapple to consumers in the Middle East.' Alix Julien de Zelicourt, General Manager, talabat mart said, 'At talabat mart, we take pride in consistently unearthing unique and premium products for our customers; a true reflection of our pioneering spirit. The Pinkglow® pineapple celebrates this: bold, vibrant, and extraordinary. We're proud to be the only platform bringing this iconic fruit to customers in the UAE.' Since its debut, Pinkglow® pineapples have become a global phenomenon, embraced by celebrities, tastemakers, influencers, and event planners for their visually stunning pink flesh and vibrant aesthetic. Whether served at luxury brunches, styled on social feeds, or gifted as a statement piece, Pinkglow® pineapple delivers both flavor and flair. Today, Fresh Del Monte remains the unrivaled leader in the global pineapple category, offering proprietary varieties like Honeyglow® pineapples, Rubyglow® pineapples, Pinkglow® pineapples, and the DM Zero® pineapple—each designed to elevate taste, appearance, and appeal to different consumers. The company's vertically integrated model enables rapid innovation and quality control across the supply chain, responding to evolving consumer preferences with unmatched agility.
