1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. California >
  6. ServiceNow Acquires Moveworks

M&A Deal Summary

ServiceNow Acquires Moveworks

On March 10, 2025, ServiceNow acquired software company Moveworks from ICONIQ Capital for 2.9B USD

Acquisition Highlights
  • This is ServiceNow’s 17th transaction in the Software sector.
  • This is ServiceNow’s largest (disclosed) transaction.
  • This is ServiceNow’s 17th transaction in the United States.
  • This is ServiceNow’s 13th transaction in California.

M&A Deal Summary
Date 2025-03-10
Target Moveworks
Sector Software
Buyer(s) ServiceNow
Sellers(s) ICONIQ Capital
Deal Type Add-on Acquisition
Deal Value 2.9B USD

Target

Moveworks

Mountain View, California, United States
Moveworks transforms how businesses operate by providing an agentic AI assistant connecting all enterprise systems. This allows organizations to transform how they operate and simplifies how employees across a company access information, automate tasks, and get support. Moveworks is based in Mountain View, CA and has offices in Austin, Bangalore, New York, San Francisco, and Toronto.

Search 205,173 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 32 of 32
Sector (Software) 17 of 17
Type (Add-on Acquisition) 29 of 29
State (California) 13 of 13
Country (United States) 17 of 17
Year (2025) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-26 Quality 360

Stockholm, Sweden

Quality 360 delivers AI-powered root cause analysis, automated issue detection, and structured resolution frameworks. Quality 360 is based in Stockholm, Sweden.

Buy -

Seller(S) 1

SELLER

ICONIQ Capital

Category Growth Capital Firm
Founded 2011
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

DEAL STATS #
Overall 20 of 20
Sector (Software) 6 of 6
Type (Add-on Acquisition) 7 of 7
State (California) 12 of 12
Country (United States) 17 of 17
Year (2025) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-12 ServiceTitan

Glendale, California, United States

ServiceTitan is a mobile, cloud-based software platform that helps home services companies streamline operations, improve customer service, and increase sales. ServiceTitan was founded in 2012 and is based in Glendale, California.

Sell -
Mergr

Product

Company

Legal