July 21, 2024


The business lovers

ServiceNow Buys Data Management Startup

ServiceNow, a service provider of digital workflow management methods, is acquiring Belgian startup Sweagle to assistance buyers preserve their software package up and operating.

Sweagle is a pioneer in IT configuration management automation, utilizing machine studying to determine and assistance stop perhaps expensive software package configuration glitches.

Companies normally must navigate fifty,000 or more configuration knowledge products to make a solitary organization software work the right way, ServiceNow stated in saying Monday it would get Sweagle for an undisclosed quantity.

“With Sweagle, ServiceNow buyers can promptly deploy purposes and infrastructure as code alterations more routinely on a solitary knowledge platform,” it extra.

As TechCrunch reviews, “With more corporations relocating staff home, building guaranteed your units are up and operating has turn out to be more essential than at any time. ServiceNow, which includes in its item catalog an IT assistance desk ingredient, acknowledges that assistance desks have been bombarded all through the [coronavirus] pandemic.”

Configuration mistakes can lead to shutdowns, safety challenges, and other critical problems for enterprises.

“With capabilities for configuration knowledge management from Sweagle, we will empower devops teams to supply software and infrastructure alterations more quickly while cutting down hazard,” stated RJ Jainendra, ServiceNow’s vice president and normal supervisor of DevOps and IT Enterprise Administration.

Sweagle was founded in 2017 and raised $four.05 million on a write-up-valuation of $eleven.88 million, according to PitchBook knowledge. “Today, configuration knowledge is as essential as obtaining very good code — and this is the foundation that Sweagle was constructed on,” Sweagle CEO and co-founder Mark Verstockt stated.

“Every working day one thing goes improper in a company associated to terrible configuration knowledge,” he extra. “Together, we can assistance buyers supply better-high-quality purposes without the need of the need to have for handbook work, all while cutting down price.”

ServiceNow joins a variety of larger corporations that have been attaining startups all through the pandemic, together with VMware, Atlassian, and NetApp, which have purchased Ocatarine, Halp, and Spot, respectively, in new months.

In trading Monday, ServiceNow shares rose .three{ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad} to $401. The stock has climbed more than fifty seven{ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad} considering the fact that the pandemic compelled numerous corporations to have personnel work from home.

(Picture by Smith Assortment/Gado/Getty Photographs)
configuration knowledge management, coronavirus, ServiceNow, software package configuration, startup, Sweagle, workflow management