Shares of ServiceNow Inc. (NOW 3.88%) are surging on Tuesday. The company's stock gained 4.5% as of 2:50 p.m. ET and was up as much as 5.6% earlier in the day. The rise comes as the S&P 500 is up 0.2% and the Nasdaq Composite is up 1%.The artificial intelligence (AI)-driven cloud computing and automation provider announced a major acquisition to bolster its AI capabilities.Agents are comingServiceNow announced it would acquire Moveworks, a business automation company for $2.85 billion in cash and stock. The ...

Core Insights - ServiceNow's stock experienced a significant decline of nearly 8% following the announcement of its acquisition of Moveworks, contrasting with the S&P 500's 2.7% drop [1] - The acquisition deal is valued at $2.85 billion, which will be paid in a mix of cash and stock, although the specific breakdown was not disclosed [2] - The integration of Moveworks' AI technology is expected to enhance ServiceNow's offerings, aiming to improve employee engagement and productivity through advanced AI solutions [3] Acquisition Details - ServiceNow's acquisition of Moveworks is aimed at combining its AI capabilities with Moveworks' front-end AI assistant and search technology [2] - Moveworks has a notable client roster, including companies like Spotify, Broadcom, and Unilever, indicating its strong market presence [3] Market Reaction - The market's negative response to the Moveworks acquisition contrasts with the positive reaction to ServiceNow's previous acquisition of Quality 360, which resulted in a stock price increase [4] - Concerns among investors regarding the high acquisition cost of $2.85 billion, which is nearly equivalent to ServiceNow's projected non-GAAP net income for full-year 2024, have contributed to the stock's decline [5] - There is growing apprehension about the potential returns on heavy investments in AI by tech companies amid the current AI market boom [5]

ServiceNow said on Monday that it has agreed to acquire Moveworks, which develops enterprise-focused automation and AI tools.ServiceNow will pay $2.85 billion for Moveworks in a mix of cash and stock. The former expects the deal to close in the second half of 2025. Bloomberg reported the deal late on Sunday night. As of June 2021, Moveworks was valued at $2.1 billion. “With the acquisition of Moveworks, ServiceNow will take another giant leap forward in agentic AI-powered business transformation,” ServiceN ...

TORONTO, March 10, 2025 (GLOBE NEWSWIRE) -- NowVertical Group Inc. (TSXV: NOW) ("NowVertical" or the "Company"), a leading data and AI solutions provider, today announced the next phase of its strategic growth plan, as the benefits of its integration efforts begin to drive tangible results. In addition, NowVertical is pleased to announce that it has entered into debt settlement agreements (the “Agreements”) with certain employees of the Company. Integration and Growth Since its inception, NowVertical has un ...

Core Viewpoint - The article discusses the investment positions and recommendations of The Motley Fool, particularly highlighting ServiceNow as a recommended stock [1] Group 1 - Parkev Tatevosian, CFA, has no position in any of the stocks mentioned in the article [1] - The Motley Fool has positions in and recommends ServiceNow, indicating a positive outlook on the company's performance [1] - The Motley Fool has a disclosure policy regarding its investment recommendations and affiliations [1]

Core Viewpoint - S&P Dow Jones Indices will implement changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective March 24, 2025, to enhance the representation of each index according to its market capitalization range [1][2][3]. Changes Summary S&P 100 - Addition of Palantir Technologies (PLTR), Intuitive Surgical (ISRG), and ServiceNow (NOW) [2][3] - Deletion of Dow (DOW), Kraft Heinz (KHC), and Ford Motor (F) [2][3] S&P 500 - Addition of DoorDash (DASH), TKO Group Holdings (TKO), Williams-Sonoma (WSM), and Expand Energy (EXE) [2][3] - Deletion of Borgwarner (BWA), Teleflex (TFX), Celanese (CE), and FMC (FMC) [2][3] S&P MidCap 400 - Addition of VF Corp (VFC), Alaska Air Group (ALK), Hims & Hers Health (HIMS), Bath & Body Works (BBWI), ATI (ATI), and EchoStar (SATS) [2][3] - Deletion of TKO Group Holdings (TKO), Williams-Sonoma (WSM), Expand Energy (EXE), The Chemours Company (CC), Teradata (TDC), and Neogen (NEOG) [2][3][4] S&P SmallCap 600 - Addition of Teleflex (TFX), Celanese (CE), FMC (FMC), Borgwarner (BWA), The Chemours Company (CC), Teradata (TDC), Neogen (NEOG), Ryman Hospitality Properties (RHP), Element Solutions (ESI), Freshpet (FRPT), WillScot Holdings (WSC), Mueller Water Products (MWA), Kratos Defense & Security Solutions (KTOS), and CleanSpark (CLSK) [2][3][4] - Deletion of VF Corp (VFC), Alaska Air Group (ALK), Hims & Hers Health (HIMS), Ambac Financial Group (AMBC), Bath & Body Works (BBWI), ATI (ATI), EchoStar (SATS), Wabash National (WNC), Green Dot (GDOT), Fulgent Genetics (FLGT), Nabors Industries (NBR), Green Plains (GPRE), Mativ Holdings (MATV), and Hain Celestial Group (HAIN) [2][3][4]

Core Insights - NowVertical Group Inc. is participating in the 37th Annual ROTH Conference, highlighting its strong market position in data and AI solutions [1][2] - The conference will take place from March 16-18, 2025, in Dana Point, CA, and will feature various growth sectors, providing a platform for engagement with institutional investors [2][3] - NowVertical offers a comprehensive suite of AI and data analytics solutions, enabling clients to transform data into business value and improve operational efficiency [4] Company Overview - NowVertical is a global data and analytics company focused on helping clients leverage data for measurable business outcomes [4] - The company is growing both organically and through strategic acquisitions, emphasizing its commitment to enhancing client decision-making and long-term value [4]

Core Viewpoint - ServiceNow announced the acquisition of Quality 360, a solution aimed at the manufacturing industry, which positively impacted its stock performance, increasing by over 2% [1][2]. Group 1: Acquisition Details - ServiceNow acquired Quality 360 from Advania, a Sweden-based IT services provider, although the financial terms of the deal were not disclosed [2][5]. - Quality 360 is designed to empower manufacturers with proactive, data-driven insights to address quality issues, thereby minimizing operational costs and reputational risks [3][4]. Group 2: Strategic Implications - The integration of Quality 360 into ServiceNow's platform is expected to provide manufacturers with AI-driven insights and automation, enhancing operational efficiency and customer trust [4][5]. - The acquisition is seen as a strategic win for ServiceNow due to the compatibility of Quality 360 with its existing solutions and the potential for a lucrative user base in the manufacturing sector [5].

Core Settlement Overview - NowVertical Group Inc. has settled historical obligations totaling CAD$3.025 million through the issuance of 9,168,418 Class A subordinate voting shares at a deemed price of $0.33 per share [1] - The settlement includes US$1,250,000 (CAD$1,792,875) to former owners of CoreBI S.A. and CoreBI S.A.S, with a lock-up period of 36 months for the shares issued [2] - An additional US$815,000 (CAD$1,172,703.50) was settled with former owners of Acrotrend Solutions Ltd., including key executives of NowVertical [3] Additional Settlements - The company issued CAD$60,000 worth of shares to Andre Garber, the Chief Development Officer, to settle an outstanding debt of US$151,200 related to a 2021 cash bonus [4] - Both Acrotrend Vendors and Andre Garber are subject to a 12-month lock-up period for the shares issued [5] Ownership Changes - Following the debt settlement transactions, Sandeep Mendiratta's ownership of subordinate voting shares will increase from approximately 10.3% to 11.8% [6][7] - The acquisition of shares by Mendiratta was completed for investment purposes in connection with the debt settlement [7] Regulatory Compliance - The press release is issued in compliance with National Instrument 62-104, requiring an early warning report to be filed [8] - The company aims to enhance cash flow flexibility and align management interests with shareholder value through these transactions [9] Company Profile - NowVertical Group Inc. is a global data and analytics company focused on transforming data into business value using AI [10]

Core Insights - Advance Solutions collaborates with ServiceNow.org for the 2025 Partnership for Good Grant initiative, providing up to $2 million in technology donations and consulting services to four nonprofit organizations [1][2][4] Group 1: Partnership and Grant Details - The Partnership for Good Grant aims to help nonprofits streamline operations and maximize resources, offering each recipient a ServiceNow instance, software, licenses, and services valued at up to $250,000 over three years, along with 1,200 expert resource hours and a $100,000 monetary grant [2][4] - Advance Solutions leads the Disaster and Community Support Grant, focusing on supporting underserved communities and enhancing disaster response efforts [4][5] Group 2: Company Commitment and Expertise - Advance Solutions is dedicated to easing operational burdens for nonprofits, allowing them to focus on their core missions of helping those in need [5] - The company is recognized as a ServiceNow Elite Partner, with over 1,000 successful implementations and a client base that includes more than 25% of Fortune 100 companies [7][8] Group 3: Technology and Impact - By combining technology with nonprofit expertise, Advance Solutions and ServiceNow.org aim to empower nonprofits to scale their impact and create lasting change [5][10] - Advance Solutions specializes in custom workflow applications tailored to nonprofit needs, enhancing efficiency, security, and service delivery [10]