M&A Deal Summary

ServiceNow Acquires Hitch Works

On June 3, 2022, ServiceNow acquired internet software and services company Hitch Works

Acquisition Highlights
  • This is ServiceNow’s 3rd transaction in the Internet Software and Services sector.
  • This is ServiceNow’s 12th transaction in the United States.
  • This is ServiceNow’s 1st transaction in Washington.

M&A Deal Summary
Date 2022-06-03
Target Hitch Works
Sector Internet Software and Services
Buyer(s) ServiceNow
Deal Type Add-on Acquisition

Target

Hitch Works

Seattle, Washington, United States
Hitch Works is a cloud-based skills mapping and intelligence company. Hitch Works was founded in 2017 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

ServiceNow

Santa Clara, California, United States
Category Company
Founded 2004
Sector Software
Employees13,096
Revenue 4.5B USD (2020)
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 STATS #
Overall 22 of 29
Sector (Internet Software and Services) 3 of 5
Type (Add-on Acquisition) 22 of 27
State (Washington) 1 of 2
Country (United States) 12 of 15
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 DotWalk

Solana Beach, California, United States

DotWalk automates upgrades and testing of applications. DotWalk maps business processes and workflows on the Now Platform to proactively identify the tests needed for application changes. DotWalk’s artificial intelligence (AI)-powered regression testing deciphers the optimal number of tests and steps to take for specific instances that go beyond the detail and accuracy achieved by humans. DotWalk is based in Solana Beach, California.

Buy -
FOLLOWING 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 -
Mergr

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