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ServiceNow to Acquire AI based Element AI

30Nov By PriyankaNo Comments

ACQUISITION

ServiceNow to Acquire AI based Element AI

SANTA CLARA, Calif., 30th Nov 2020-- ServiceNow (NYSE: NOW) to acquire Element AI, a leading artificial intelligence (AI) company with deep AI capabilities and some of the world’s brightest AI minds. Element AI will significantly enhance ServiceNow’s commitment to build the world’s most intelligent workflow platform, enabling employees to work smarter and faster, streamline business decisions, and unlock new levels of productivity. Element AI has world-class scientists and practitioners who will bring expertise in applying modern AI to text and language, chat, images, search, question response, and summarization and will accelerate AI innovation natively in the Now Platform. With the acquisition of Element AI, ServiceNow will create an AI Innovation Hub in Canada to accelerate cu...

ServiceNow to Acquire Belgium based Data Management Pioneer Sweagle

SANTA CLARA, Calif., 23rd June 2020-- ServiceNow (NYSE: NOW), the leading digital workflow company making work better for people, has signed an agreement to acquire Sweagle, a Belgium-based configuration data management company. The transaction will extend ServiceNow’s DevOps and IT Operations Management (ITOM) capabilities, giving customers the ability to leverage machine learning to identify and help prevent potential misconfigurations from causing outages in production and speeding up remediation. COVID-19 has magnified the importance for organizations to quickly adapt technology to meet changing customer and employee needs. Sweagle provides a single source of truth for configuration data that is otherwise spread across many tools. With Sweagle, ServiceNow customers can identify ...

California-based ServiceNow Acquires FriendlyData to Simplify Work

California based cloud service management company ServiceNow has announced the acquisition of a startup called FriendlyData. The move is being taken to integrate the startup’s natural language search technology into apps on its Now platform. FriendlyData was founded in 2016 and its natural language query (NLQ) technology enables enterprise customers to build search tools. These tools allow users to ask technical questions even if they don’t know the right jargon. The company's tech will be integrated into ServiceNow’s platform that will include apps for IT, human resources, security operations, and customer service management. “ServiceNow is bringing NLQ capabilities to the Now Platform, enabling companies to ask technical questions in plain English and receive direct answers. Wit...