SERVICENOW, INC. - NOW STOCK NEWS

Boomi has appointed Larry Quinlan, former CIO of Deloitte, to its Board of Directors as an independent non-executive member. Quinlan brings over 35 years of experience in driving innovation for Fortune 500 companies and technology organizations, including overseeing technology strategy for a $45B firm. He currently serves on the boards of ServiceNow and Jones Lang LaSalle. Boomi is recognized as a leader in the integration platform market, boasting the largest customer base among vendors and a global network of about 800 partners. This strategic addition is aimed at enhancing Boomi's leadership team.

Blend Labs, Inc. (NYSE: BLND) has appointed tech veteran Dean Klinger as its new Head of Revenue. Klinger, with over 25 years of experience, previously held senior roles at Snowflake (NYSE: SNOW) and ServiceNow (NYSE: NOW). Reporting to Nima Ghamsari, Klinger will manage the customer journey as Blend strengthens its position in mortgage and consumer banking sectors. Ghamsari expressed confidence in Klinger’s ability to drive the company's vision forward, leveraging his extensive background in cloud banking software.

Fairmarkit, an automated sourcing platform, has secured a $35.6 million Series C investment, raising its total funding to $78 million. The funding, led by OMERS Growth Equity, aims to enhance its technology and hiring. Fairmarkit, which was ranked 159 on the 2022 Inc. 5000 fastest-growing private companies list, expects to facilitate 200,000 sourcing events this year, with customer spending increasing four-fold. The platform integrates with major ERP systems, helping enterprises manage tail spend efficiently, resulting in 10%+ cost savings.

ServiceNow (NYSE: NOW) will participate in three upcoming investor conferences featuring key executives. Chief Financial Officer Gina Mastantuono will join Deutsche Bank's Technology Conference on September 1 at 11:00 a.m. PT and Citi's Global Technology Conference on September 8 at 11:30 a.m. PT. President and CEO Bill McDermott will present at Goldman Sachs' Communacopia + Technology Conference on September 14 at 1:15 p.m. PT. Live webcasts will be accessible on ServiceNow's investor relations website and archived for 30 days.

Balbix has announced new integrations with ServiceNow (NYSE: NOW), enhancing cybersecurity posture automation. The integration allows for automatic mapping of cyber risk to business structures, significantly cutting down operational time. Customers can now quantify risk in monetary terms and link remediation efforts to existing workflows. A survey revealed that 62% of companies struggle to calculate breach risk financially. The integration also enables the creation of ServiceNow remediation tickets directly from Balbix, improving productivity for security and IT teams.

ServiceNow reported Q2 2022 financial results, achieving $1,658 million in subscription revenues, a 25% year-over-year growth. Total revenues were $1,752 million, marking a 24% increase. Current remaining performance obligations reached $5.75 billion, up 21%. The company now has over 100 customers with annual contracts exceeding $10 million, a growth of more than 50%. Despite facing macroeconomic challenges, ServiceNow maintains a strong pipeline and anticipates achieving over $16 billion in subscription revenue by 2026.

ServiceNow (NYSE: NOW) is set to release its financial results for Q2 2022 on July 27, 2022, after market close. A conference call to discuss these results will take place at 2 p.m. PT (21:00 GMT) on the same day. Participants can join the call via phone or a live webcast. An audio replay will be available two hours post-call, accessible for 30 days. The company aims to improve workflow for organizations through its cloud-based solutions.

Qualtrics (NASDAQ: XM) and ServiceNow (NYSE: NOW) have launched Qualtrics Embedded Insights, a new app aimed at enhancing employee and customer service experiences. The app offers a unified view of experience and operational data, allowing IT and customer service agents to respond effectively to needs. Research reveals that 81% of IT professionals waste significant time on tech inefficiencies, emphasizing the demand for streamlined solutions. The integration also facilitates automation and personalized services, critical for improving productivity and customer loyalty.

ServiceNow has announced the acquisition of Hitch Works, a skills mapping and intelligence firm, to enhance its Now Platform. This integration aims to address talent gaps by linking employee development with workforce planning, enabling efficient project assignment based on skills and interests. Industry leaders emphasize the critical role of skill insight in talent retention amid ongoing workforce challenges. The acquisition is expected to close in Q2 2022, with both Hitch's leaders remaining post-acquisition to aid in scaling their solutions globally.