ServiceNow announced its acquisition of Moveworks for $2.85 billion, combining ServiceNow’s workflow automation strength with Moveworks’ conversational AI and enterprise-search capabilities. The move accelerates ServiceNow’s push into agentic AI, embedding intelligent virtual assistants across IT, HR and customer-service workflows and reinforcing its role as a leading AI platform for business transformation.
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ServiceNow is experiencing strong growth, evolving from IT service management to a comprehensive enterprise workflow platform with cross-domain capabilities. Its subscription revenue grew at around a 26% Compound Annual Growth Rate between 2020-2024, and Q1 2025 revenue hit US $3,088 million, up roughly 18.5% year-over-year. The platform’s global workforce exceeds 900,000, and around 85% of Fortune 500 companies rely on it for digital transformation, automation, HR services, security operations and workflow efficiency.
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At Virtuxient Technologies, we specialise in IT Business Management to help you align technology investments with strategic goals. Leveraging the power of the ServiceNow platform, we enable real-time insight into your IT portfolio, optimise resource allocation, accelerate time to value and enhance operational agility. Our tailored approach ensures that your IT supports and drives business growth—transforming your IT from a cost centre into a strategic enabler through expert advisory, implementation and sustained support.
Visit: https://www.virtuxient.com/it-business-management