ServiceNow to Acquire Configuration Data Management Pioneer Sweagle
June 22 2020 - 08:31AM
Business Wire
Acquisition will strengthen ServiceNow’s
industry-leading IT workflow capabilities to help customers
accelerate digital transformation, enhance agility, and reduce
risk
ServiceNow (NYSE: NOW), the leading digital workflow company
making work, work better for people, today announced it has signed
an agreement to acquire Sweagle, a Belgium-based configuration data
management company. The transaction will extend ServiceNow’s DevOps
and IT Operations Management (ITOM) capabilities, giving customers
the ability to leverage machine learning to identify and help
prevent potential misconfigurations from causing outages in
production and speeding up remediation.
COVID-19 has magnified the importance for organizations to
quickly adapt technology to meet changing customer and employee
needs. Sweagle provides a single source of truth for configuration
data that is otherwise spread across many tools. With Sweagle,
ServiceNow customers can identify and intercept application and
infrastructure inconsistencies during agile development cycles.
“With capabilities for configuration data management from
Sweagle, we will empower DevOps teams to deliver application and
infrastructure changes more rapidly while reducing risk,” said RJ
Jainendra, vice president and general manager of DevOps and IT
Business Management at ServiceNow. “Sweagle also brings deep DevOps
talent to ServiceNow. Both founders are pioneers in configuration
data management, and we are honored to have this talent join our
team as we continue to help customers compete and win in a digital
economy.”
Along with its DevOps and IT Operations Management Health
solutions, Sweagle will help accelerate ServiceNow’s newly
introduced Service Graph roadmap by managing configuration data for
public and private cloud environments and modern application
architectures, like microservices, containers, and serverless
computing. As organizations focus on delivering great experiences
to employees and customers, they often must navigate 50,000 or more
configuration data items to make a single enterprise application
work correctly. With Sweagle, ServiceNow customers can quickly
deploy applications and infrastructure as code changes more
frequently on a single data platform.
“Today, configuration data is as important as having good code –
and this is the foundation that Sweagle was built on,” said Mark
Verstockt, CEO and co-founder of Sweagle. “We are proud to join
ServiceNow as it continues to enable digital transformation and
drive customer success. Every day something goes wrong in a company
related to bad configuration data. Together, we can help customers
deliver higher-quality applications without the need for manual
work, all while reducing cost.”
Sweagle was founded in 2017 by CEO Mark Verstockt and CTO Benny
Van de Sompele.
ServiceNow expects to complete the acquisition at the beginning
of Q3 2020. Financial terms of the deal were not disclosed.
Forward-Looking Statements
This press release contains forward-looking statements about the
expectations, beliefs, plans, intentions, and strategies relating
to ServiceNow’s acquisition of Sweagle. Such forward-looking
statements include statements regarding future product capabilities
and offerings and expected benefits to ServiceNow. These statements
reflect the current beliefs of ServiceNow and are based on current
information available to ServiceNow as of the date hereof.
ServiceNow does not assume any obligation to update the
forward-looking statements provided to reflect events that occur or
circumstances that exist after the date on which they were made.
The forward-looking statements in this press release are subject to
various risks and uncertainties that could cause actual outcomes
and results to differ materially and adversely from those expressed
in such forward-looking statements. These risks and uncertainties
include, without limitation, the inability to assimilate or
integrate Sweagle’s technology into our platform; the inability to
retain key employees of Sweagle after the transaction closes;
unanticipated expenses related to Sweagle’s acquired technology;
potential adverse tax consequences; disruption to our business and
diversion of management attention and other resources; and
potential unknown liabilities associated with Sweagle’s
business.
About ServiceNow
ServiceNow (NYSE: NOW) is making the world of work, work better
for people. Our cloud‑based platform and solutions deliver digital
workflows that create great experiences and unlock productivity for
employees and the enterprise. For more information, visit:
www.servicenow.com.
© 2020 ServiceNow, Inc. All rights reserved. ServiceNow, the
ServiceNow logo, Now, and other ServiceNow marks are trademarks
and/or registered trademarks of ServiceNow, Inc. in the United
States and/or other countries. Other company names, product names,
and logos may be trademarks of the respective companies with which
they are associated.
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version on businesswire.com: https://www.businesswire.com/news/home/20200622005174/en/
Public Relations Jacqueline Velasco, ServiceNow
press@servicenow.com
Investor Relations Darren Yip, ServiceNow ir@servicenow.com
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