Add-on Acquisition • Information Technology

ServiceNow Acquires G2K Group

On May 12, 2023, ServiceNow acquired information technology company G2K Group

Acquisition Context
  • This is ServiceNow’s 8th transaction in the Information Technology sector.
  • This is ServiceNow’s 2nd transaction in Germany.

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M&A Deal Summary

Date May 12, 2023
Target G2K Group
Sector Information Technology
Buyer(s) ServiceNow
Deal Type Add-on Acquisition

Target Company

G2K Group

Munich, Germany
G2K Group is a provider of an artificial intelligence (AI) powered platform. G2K Group is based in Munich, Germany.
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Buyer Overview 1

Buyer

ServiceNow

Santa Clara, California, United States

Category Company
Founded 2004
Sector Software
Employees26,293
Revenue 11.0B USD (2024)
DESCRIPTION
ServiceNow's corporate headquarters in Santa Clara, California.
ServiceNow's corporate headquarters in Santa Clara, California.

ServiceNow is a provider of service management software that automates and manages enterprise service relationships. ServiceNow was formed in 2004 and is based in Santa Clara, California.


Deal Context for Buyer #
Overall 24 of 36
Sector: Information Technology 8 of 11
Type: Add-on Acquisition 24 of 33
Country: Germany 2 of 3
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 Era

Bainbridge Island, Washington, United States

Era helps modern IT and security organizations eliminate operational complexity and innovate faster with unified access to observability data. At the core of EraCloud and EraSearch is a Kubernetes-based database architecture built on the core principles of decoupled storage and compute, a true zero-schema data representation, and flexible indexing. Era was formed in 2019 and is based in Bainbridge Island, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Ultimate.Suite

Dolní Břežany, Czech Republic

Ultimate.Suite is a task mining company that enhance process mining and intelligent automation. Ultimate.Suite was founded in 2020 and is based in Dolní Břežany, Czech Republic.

Buy -