SANTA CLARA, Calif. – July 9, 2014 – ServiceNow® (NYSE: NOW),
the enterprise IT cloud company, today announced that it has signed an
agreement to acquire Neebula Systems for approximately $100 million in
an all‑cash transaction that is expected to close this month.
Neebula’s flagship product, ServiceWatch,
automates the discovery, mapping, and monitoring of IT‑enabled
enterprise services. This addition will become an integral part of the
IT Operations Management portfolio.
"ServiceWatch will become a centerpiece of our IT Operations
Management strategy,” said Frank Slootman, president and chief
executive officer, ServiceNow. “It is a fundamental transformation
from decades of component‑centric management to one that puts the
service portfolio front and center. It provides further validation
that the future of systems management will be shaped through a
business service lens, which can only be achieved through a single,
integrated service model and workflow.”
“Neebula is very excited to be part of the ServiceNow team,” said
Yuval Cohen, co‑founder and CEO of Neebula. “We had a vision to
transform the ITOM market by automating the creation and maintenance
of service models. The combination of ServiceWatch’s powerful
capabilities with ServiceNow’s ITOM solutions and market position,
will allow us to better help enterprises realize the benefits of true
The addition of ServiceWatch will augment the capabilities of other
ServiceNow IT Operations Management products such as Event
More details about the acquisition will be shared in conjunction with
ServiceNow’s second quarter financial results announcement scheduled
for July 30, 2014.
introduction to ServiceWatch
ServiceNow is the enterprise IT cloud company. We transform IT by
automating and managing IT service relationships across the global
enterprise. Organizations deploy our service to create a single system
of record for IT and automate manual tasks, standardize processes and
consolidate legacy systems. Using our extensible platform, our
customers create custom applications and evolve the IT service model
to service domains inside and outside the enterprise. ServiceNow
transforms IT from the department of no to the department of now. For
more information, visit www.servicenow.com.
ServiceNow and the ServiceNow logo are registered trademarks of
ServiceNow. All other brand and product names are trademarks or
registered trademarks of their respective holders.