SANTA CLARA, Calif. – April 5, 2016 – ServiceNow (NYSE:
NOW), the enterprise cloud company, today announced it has agreed to
acquire ITapp in an all‑cash transaction expected to close this month.
With this acquisition, ServiceNow expands the capabilities it offers
customers to automate and manage the complexities associated with the
use of public, private and hybrid clouds.
Worldwide spending on public cloud services will grow at a 19% CAGR
– almost six times the rate of overall IT spending growth, according
to a 2016 IDC report. ITapp’s solution supports the
management of cloud platforms used in the enterprise, such as VMware,
Citrix XenServer, Microsoft Azure, Amazon Web Services and OpenStack.
ServiceNow intends to make ITapp capabilities available on the
ServiceNow platform by 2017.
"To address the proliferation of cloud‑based services, IT
departments require a solution that provides visibility and control
over how those services are being utilized across the enterprise,”
said Sri Chandrashekar, vice president and general manager of IT
Operations Management, ServiceNow. “ITapp will augment our existing
cloud management solution, allowing customers to optimize their cloud
ecosystem while ensuring compliance and security.”
“ITapp and ServiceNow share a vision to deliver self‑service,
governance and automation across all functions in the enterprise,”
said Brajesh Goyal, co‑founder and CEO of ITapp. “The combination of
ServiceNow Cloud Management and ITapp will allow customers to deliver
more of their enterprise services in the cloud by automatically
spanning their private data centers and cloud service providers.”
More details about the acquisition will be shared in conjunction
with ServiceNow’s first quarter financial results announcement
scheduled for April 20, 2016.
For more information please visit our website:
ServiceNow is changing the way people work. With a
service‑orientation toward the activities, tasks and processes that
make up day‑to‑day work life, we help the modern enterprise operate
faster and be more scalable than ever before. Customers use our
service model to define, structure and automate the flow of work,
removing dependencies on email and spreadsheets to transform the
delivery and management of services for the enterprise. ServiceNow
enables service management for every department in the enterprise
including IT, human resources, facilities, field service and more. We
deliver a ‘lights‑out, light‑speed’ experience through our enterprise
cloud – built to manage everything as a service. To find out
how, 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.