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ServiceNow acquires Logik.ai to enhance CRM tools

Apr 03, 2025•9 months ago

Acquiring Company

ServiceNow

Acquired Company

Logik.io

Libertyvilleinformation technology & servicesInformation Technology

Description

ServiceNow has announced a definitive agreement to acquire Logik.ai, a leader in AI-powered CPQ solutions. This acquisition will enhance ServiceNow's CRM capabilities, allowing for faster deal closure and improved sales productivity. The deal aims to revolutionize sales processes by integrating Logik.ai's advanced technology into ServiceNow's platform.

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