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

Two factors that could contribute to stronger results are: an unexpected boost in ServiceNow’s agentic AI revenues and a weaker dollar tamping FX headwinds.

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

ServiceNow Inc. has agreed to buy artificial intelligence firm Moveworks for $2.85 billion as part of its push into AI tools that can complete tasks without human supervision.

The acquisition will bring advanced, agentic AI-powered self-service and enterprise search technologies to customers.

ServiceNow also expects the integration of Moveworks' capabilities to expedite the delivery of AI-powered solutions and enhance customer interactions. Moveworks co‑founder and C