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ServiceNow, Inc. (symbol: NOW) is an American software company headquartered in Santa Clara, California. It specializes in developing a cloud computing platform designed to help companies manage digital workflows across enterprise operations. By offering a comprehensive suite of software solutions, ServiceNow enables organizations to streamline and automate various business processes through a Software as a Service (SaaS) delivery model.
Originally focusing on IT Service Management (ITSM), ServiceNow has significantly expanded its capabilities. The company's platform now addresses various functions beyond IT, including customer service, HR service delivery, and security operations. This diversification allows enterprises to optimize multiple aspects of their operations through a single, integrated platform.
ServiceNow's recent achievements include partnerships with global enterprises to enhance their digital transformation journeys. The company's application development platform further enables businesses to create custom applications tailored to their specific needs. Financially, ServiceNow has shown robust performance, consistently delivering strong revenue growth and expanding its customer base worldwide.
Overall, ServiceNow continues to be a pivotal player in the enterprise software market, driving innovation and efficiency through its cutting-edge digital workflow solutions.
ServiceNow (NYSE: NOW) announced the appointment of Kevin McBride as Senior Vice President, Corporate Controller, and Chief Accounting Officer. With over 25 years of finance experience, including 21 years at Intel, McBride is expected to strengthen ServiceNow's financial leadership as the company aims for over $15 billion in revenue within the next five years. He has a solid background in innovative financial processes and developing finance talent, making him a valuable addition to the team.
ServiceNow and Celonis have announced a strategic partnership aimed at enhancing digital transformation for businesses. This collaboration will combine ServiceNow's low-code workflow platform with Celonis' Execution Management System, facilitating automation and optimization of business processes. The partnership is expected to help clients identify process bottlenecks, improve customer satisfaction, and drive revenue growth. ServiceNow will also invest in Celonis, reinforcing their commitment to providing comprehensive solutions in the hyperautomation market, projected to reach $860 billion by 2025.
ServiceNow (NYSE: NOW) announced the release of its financial results for the third quarter ending September 30, 2021, scheduled for October 27, 2021, post-market closure. A conference call to discuss these results will take place at 2 p.m. PT (21:00 GMT) on the same day. Interested parties can join by phone or via a webcast. An audio replay will be available within two hours after the call, accessible for 30 days. For further details, visit the ServiceNow website.
ServiceNow (NYSE: NOW) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Enterprise Low-Code Application Platforms for the second consecutive year. This accolade highlights the company's innovative low-code platform, Creator Workflows, which empowers employees to create and deploy workflow applications efficiently. With the expectation that 70% of new enterprise applications will utilize low-code by 2025, ServiceNow aims to meet the growing demand for accessible development tools in the hybrid work environment.
de Novo Solutions, a new British technology company specializing in the experience economy, was launched by Tim Warner and Mark Sweeny. The company aims to provide industry vertical solutions using ServiceNow and Oracle Cloud Applications. With a total addressable market of $330 billion globally, de Novo Solutions targets the professional services sector, promising to disrupt traditional systems integrators. The founders emphasize building innovative solutions to enhance digital experiences in both public and private sectors, contributing to the UK technology industry's growth.
ServiceNow (NYSE: NOW) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for IT Risk Management for the second consecutive year. The company's Integrated Risk Management (IRM) solution combines IT, security, risk, and compliance management through AI/ML automation. Gartner forecasts that by 2023, 80% of organizations will utilize IT risk management products. The solution enhances real-time visibility of risks and compliance, promoting better risk-based decision-making and improved business performance.
ServiceNow (NYSE: NOW) has expanded its strategic partnership with Microsoft to enhance employee experiences through a new collaborative app integrated with Microsoft Teams. This app, part of the Now Platform Rome release, allows employees to access a unified portal for various departmental services directly within Teams, streamlining their workflows in hybrid work environments. The partnership also includes increased investments in co-innovation and product development, aiming to improve productivity and collaboration for their joint customers, including NTT Data.
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