Core Insights - ServiceNow is in advanced talks to acquire security startup Veza for over $1 billion, aiming to enhance its AI Agent-related products and services [1][2] - Veza's subscription software helps enterprises manage access permissions for employees and AI Agents, addressing new security challenges posed by AI [2] - The acquisition could differentiate ServiceNow's offerings in a crowded market of similar AI products from various software vendors [2] Group 1: Acquisition Details - ServiceNow is negotiating a deal that may be announced as soon as next week, although it is not finalized yet [2] - The acquisition is part of ServiceNow's strategy to sell more AI tools to its clients, enhancing its market position [2] Group 2: Veza's Business Model - Veza's annual service contracts, sold through Amazon Web Services, are priced at $100,000 [3] - The company has notable clients including Blackstone, Instacart, and Snowflake, indicating its market relevance [3] - Veza has experienced significant growth, with employee numbers increasing by over 50% in the past year [3] Group 3: Market Context - The demand for data control is rising as AI Agents may lead to new types of cyberattacks, making Veza's solutions increasingly relevant [2] - ServiceNow's previous acquisition of Moveworks for $2.85 billion is currently under antitrust review, highlighting the competitive landscape in the IT services sector [4]