ServiceNow has agreed to acquire Moveworks, a company that develops automation and AI tools for enterprises. The deal is valued at $2.85 billion, with a mix of cash and stock payments. The acquisition is expected to close in the second half of 2025.The terms of the deal are not yet fully disclosed, but it's clear that ServiceNow is making a significant investment in the automation and AI space. This move may raise questions about the impact on existing customers and competitors, as well as the potential benefits and risks for ServiceNow itself.As the deal moves forward, it will be important to monitor how Moveworks' tools integrate into ServiceNow's product portfolio, and what new features can be expected as a result of this acquisition.