ServiceNow Inc. has agreed to buy artificial intelligence firm Moveworks for $2.85 billion as part of its push into AI tools that can complete tasks without human supervision.

ServiceNow expands its AI capabilities with the acquisition of Moveworks, adding 500 employees and enhancing enterprise-wide AI adoption for major companies.

Two factors that could contribute to stronger results are: an unexpected boost in ServiceNow’s agentic AI revenues and a weaker dollar tamping FX headwinds.

Software company ServiceNow (NOW) announced its largest acquisition to date, agreeing to purchase AI startup Moveworks for $2.85 billion in a

The acquisition will bring advanced, agentic AI-powered self-service and enterprise search technologies to customers.

ServiceNow also expects the integration of Moveworks' capabilities to expedite the delivery of AI-powered solutions and enhance customer interactions. Moveworks co‑founder and C