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ServiceNow Acquires Neebula Systems for $100 Million


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ServiceNow, the enterprise IT cloud company, 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 a part of the ServiceNow IT Operations Management portfolio.

The addition of ServiceWatch will augment the capabilities of other ServiceNow IT Operations Management products such as Event Management, Orchestration and Discovery.

"ServiceWatch will become a centerpiece of our IT Operations Management strategy,” said Frank Slootman, president and chief executive officer for 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.”

More information is available at www.servicenow.com.


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