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ServiceNow acquires Quality 360 from Advania to enhance AI-powered Manufacturing Solutions

Feb 26, 202510 months ago

Acquiring Company

ServiceNow

Acquired Company

Advania

Swedeninformation technology & servicesSoftware

Description

ServiceNow, the AI platform for business transformation, has announced the acquisition of the Quality 360 solution from Advania. This acquisition will enhance ServiceNow’s strength in the manufacturing industry by accelerating quality management functionality and empowering manufacturers with proactive, data-driven insights to address end-to-end quality issues, ultimately helping to minimize operational costs and reputational risks.

Company Information

Company

ServiceNow

Location

2225 Lawson Lane

About

ServiceNow (NYSE: NOW) is making the world of work, work better for people. Our cloud‑based platform and solutions deliver digital workflows that create great experiences and unlock productivity for employees and the enterprise. For more information, visit: www.servicenow.com. © 2021 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed