ServiceNow Acquires Moveworks for $2.85 Billion to Boost AI Capabilities

In a landmark move to strengthen its position in the rapidly evolving artificial intelligence landscape, ServiceNow, a leading provider of digital workflow solutions, has announced its acquisition of Moveworks, an AI startup, for $2.85 billion.

The deal, revealed on Monday, marks the largest acquisition in ServiceNow’s history and underscores the growing importance of AI-driven automation in enterprise operations.

The transaction, structured as a combination of cash and stock, is expected to close in the second half of 2025, pending regulatory approvals and customary closing conditions.

With this acquisition, ServiceNow aims to bolster its agentic AI offerings, integrating Moveworks’ advanced AI assistant and enterprise search technology into its platform to enhance productivity and streamline workflows across industries.

Moveworks Brings Proven AI Expertise to the Table

Moveworks, founded in 2016 and based in Mountain View, California, specializes in AI-powered solutions that automate employee support functions, such as IT, HR, and ...