ServiceNow expands its AI capabilities with the acquisition of Moveworks, adding 500 employees and enhancing enterprise-wide AI adoption for major companies.

Software company ServiceNow (NOW) announced its largest acquisition to date, agreeing to purchase AI startup Moveworks for $2.85 billion in a

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.