ServiceNow buys Israeli BI co Pyramid Analytics

Core Insights - ServiceNow, Inc. has signed an agreement to acquire Pyramid Analytics, a company that consolidates data work processes into a single platform [1][5] - The acquisition aims to integrate data analysis capabilities directly into ServiceNow's work systems, enabling real-time answers to business questions [4][6] - The estimated acquisition price for Pyramid Analytics is in the hundreds of millions of dollars, with the company having raised $200 million since its inception [5][7] Company Overview - Pyramid Analytics has been active for over a decade in the business intelligence sector, competing with major players like Microsoft and Tableau [7] - The company focuses on large enterprises and has developed a platform that links various information sources, facilitates advanced analysis, and provides AI-based recommendations [7] - Pyramid Analytics employs around 200 people, with a significant number based in Israel [7] Recent Acquisitions - ServiceNow recently acquired another Israeli company, Armis, for $7 billion, which operates in the cybersecurity space [6] - The acquisition of Pyramid Analytics is intended to enhance ServiceNow's capabilities in data analysis and artificial intelligence [6]