ServiceNow confirms it acquired Israeli startup Sweep to speed up customers' migrations to its CRM, for an undisclosed price estimated at hundreds of millions (Allon Sinai/CTech)
ServiceNow confirmed it has completed the purchase of the Israeli technology startup Sweep. The tactical transaction is primarily designed to accelerate the pace at which clients can migrate onto its customer relationship management platform. Although the formal financial terms were kept private, the deal's value is estimated to reach into the hundreds of millions of dollars.
Key points
The buyout is estimated to be worth hundreds of millions of dollars despite undisclosed t…: The buyout is estimated to be worth hundreds of millions of dollars despite undisclosed terms.
ServiceNow is prioritizing tools that simplify customer onboarding for its relationship m…: ServiceNow is prioritizing tools that simplify customer onboarding for its relationship management services.
The Israeli startup's technology will directly support faster transitions onto ServiceNow…: The Israeli startup's technology will directly support faster transitions onto ServiceNow's enterprise platform.
Sources checked by our analysis pipeline: 1
Reuters: |
Kevin Whitelaw / Bloomberg: |
Zack Abrams / The Block: |
Debby Wu / Bloomberg: |
Gunjan Banerji / Wall Street Journal: |
Amir Efrati / The Information: |
Tim Fernholz / TechCrunch: |
Andrew Fedorov / The San Francisco Standard: |
Harry Lambert / Colossus: |
Washington Post: |
Anzar Mehraj / Reuters: |
Shane Burke / The Information: |
Allon Sinai / CTech: |
Sarah Klearman / Wall Street Journal: |
Swati Khandelwal / The Hacker News: |
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