M&A Deal Summary

ServiceNow Acquires Element AI

On November 30, 2020, ServiceNow acquired information technology company Element AI

Acquisition Highlights
  • This is ServiceNow’s 6th transaction in the Information Technology sector.
  • This is ServiceNow’s 1st transaction in Canada.
  • This is ServiceNow’s 1st transaction in Quebec.

M&A Deal Summary
Date 2020-11-30
Target Element AI
Sector Information Technology
Buyer(s) ServiceNow
Deal Type Add-on Acquisition

Target

Element AI

Montreal, Quebec, Canada
Element AI, Inc. is an artificial intelligence (AI) company with scientists and practitioners who will bring expertise in applying modern AI to text and language, chat, images, search, question response, and summarization and will accelerate AI innovation natively in the Now Platform. Element AI was formed in 2016 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

ServiceNow

Santa Clara, California, United States
Category Company
Founded 2004
Sector Software
Employees22,668
Revenue 9.0B USD (2023)
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 15 of 29
Sector (Information Technology) 6 of 9
Type (Add-on Acquisition) 15 of 27
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-22 Sweagle NV

Kampenhout, Belgium

Sweagle NV is a SaaS-based platform to collect and consolidate all kinds of configuration data and turn it into validated and actionable information driving the hybrid software factory. Sweagle was founded in 2017 and is based in Kampenhout, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Intellibot

Hyderabad, India

Intellibot is a HyperAutomation Platform that converges all the technology components and capabilities to drive a successful digital transformation initiative in an Enterprise. With Intellibot, enterprises can now quickly adopt next-generation technologies such as AI/RPA, Chatbot, NLP, IoT, data extraction tools, and computer vision with key features like banking grade security, RBAC & multi-tenancy. Intellibot is based in Hyderabad, India.

Buy -
Mergr

Product

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