ServiceNow Shares Rise; To Buy Conversational AI Company
January 28 2020 - 1:39PM
Dow Jones News
By Michael Dabaie
ServiceNow Inc. (NOW) shares were up 2% to $313.99 in afternoon
trading.
Before the market open, the company said it would acquire
Passage AI, a Mountain View, Calif.-based conversational AI
platform company.
Digital workflows company ServiceNow said it expects to complete
the acquisition by the end of the first quarter. It didn't disclose
financial terms of the deal.
ServiceNow said Passage AI's conversational AI capabilities will
expand its chatbot support for non-English languages.
The company on Monday said it is introducing a new industry
solutions strategy, initially focusing banking and
telecommunications.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
January 28, 2020 13:24 ET (18:24 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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