ServiceNow said it entered into an Agreement and Plan of Merger on March 10, 2025 to acquire all outstanding shares of Moveworks, Inc. for $2.85 billion, payable in cash and stock.

1. 01

   ServiceNow said it entered into an Agreement and Plan of Merger on March 10, 2025 to acquire all outstanding shares of Moveworks, Inc. for $2.85 billion, payable in cash and stock.

2. 02

   The company said the purchase price is subject to customary adjustments and that the deal is expected to close in the second half of 2025, subject to customary regulatory approvals and closing conditions.

3. 03

   The company said it had nearly 1,000 AI customers and more than $200 million in annual contract value (ACV) for its Pro Plus AI solution as of December 31, 2024. It also said Moveworks' new agentic platform had reached nearly 5 million employee users in about 18 months.

4. 04

   ServiceNow said it will combine its agentic AI and automation strengths with Moveworks' front-end AI assistant and enterprise search technology. It said that in initial integration phases, it plans to deliver a unified, end-to-end search and self-service experience for all employee requestors from a single entry point.

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Original filing

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