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ServiceNow completed its acquisition of Moveworks on December 15, 2025. The company had announced a $2.85 billion transaction value in March 2025, payable in cash and stock and subject to customary purchase price adjustments. ServiceNow’s later SEC filing reports a different figure—$2.4 billion in aggregate purchase price consideration for accounting purposes—so the two amounts describe different measures, not an established correction to the announced deal value.
Did ServiceNow complete the Moveworks acquisition?
Yes. ServiceNow announced the agreement on March 10, 2025, and said the acquisition closed on December 15, 2025. The announcement described the transaction as subject to customary purchase price adjustments and payable in a combination of cash and stock. ServiceNow’s announcement and closing announcement establish those dates and terms.
How much did ServiceNow pay for Moveworks?
The March 2025 announcement put the deal’s value at $2.85 billion. ServiceNow’s SEC filing later reported $2.4 billion in aggregate purchase price consideration for acquisition accounting. Those figures should be kept distinct: one is the announced transaction value, while the other is the accounting measure reported after closing. The available disclosures do not establish that the accounting figure corrected the earlier announcement.
The filing also refers to approximately 9.6 million shares as the stock consideration basis, using the December 15, 2025 closing share price of $153.04. These details come from the filing’s acquisition accounting, not a separate revised headline deal value. ServiceNow’s SEC filing provides the accounting figures.
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Why did ServiceNow buy Moveworks?
ServiceNow described the strategic rationale as combining its workflow automation and agentic AI capabilities with Moveworks’ employee-facing AI assistant and enterprise search. In its close announcement, ServiceNow also identified Moveworks’ agentic Reasoning Engine as part of the technology combination. Those are the company’s stated rationale and product descriptions; they do not establish measured customer benefits or financial returns.
At the time of the original announcement, ServiceNow executive Amit Zavery called the deal “another giant leap forward in agentic AI-powered business transformation.” The company’s closing release later quoted him saying Moveworks accelerates ServiceNow’s vision to put AI to work across businesses. These are executive statements of strategy, not independent performance findings.
What does the acquisition mean for ServiceNow products?
A 2026 ServiceNow product announcement described EmployeeWorks as combining Moveworks conversational AI and enterprise search with ServiceNow’s unified portal and autonomous workflows. It also said Moveworks remained available as a standalone product in the company’s portfolio. This describes the portfolio as of that announcement; it does not establish current licensing, eligibility, pricing, or detailed integration status. ServiceNow’s EmployeeWorks announcement provides that product description.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the deal figures do—and do not—show
The deal value and accounting consideration document different aspects of the transaction. Neither figure by itself demonstrates the acquisition’s impact on customers, the value of Moveworks as a standalone business, realized synergies, or ServiceNow’s return on investment. The cited disclosures also do not establish whether competing bids existed.
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