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Stock impact report

ServiceNow to acquire Logik.ai to strengthen CRM portfolio [Yahoo! Finance]

ServiceNow, Inc. (NOW) 
Last servicenow, inc. earnings: 4/29 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Founded in 2021, Logik.ai offers a product that combines AI with a sophisticated rules engine to optimise and simplify the transaction management cycle. The deal is anticipated to strengthen ServiceNow's position in customer relationship management (CRM) space as well as simplify sales and order management operations. ServiceNow plans to incorporate Logik.ai's technology into its customer service management and sales and order management offerings. Through the integration, ServiceNow seeks to streamline complex sales processes, boost productivity, and increase efficiency for businesses spanning multiple industries. The solution supports a consumer-grade experience for both buyers and sellers and is designed to handle high volumes of users and quote lines. ServiceNow anticipates the acquisition to bolster its growth in sales and order management, a key function that spans opportunity management, quoting, order placement, fulfilment, delivery, renewals, and expansions. Serv Show less Read more
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