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ServiceNow To Buy Neebula Systems For About $100 Mln In Cash - Quick Facts

ServiceNow (NOW: Quote), the enterprise IT cloud company, announced that it agreed to acquire Neebula Systems for about $100 million in cash. The transaction is expected to close in this month.

Neebula's flagship product, ServiceWatch, automates the discovery, mapping, and monitoring of IT-enabled enterprise services. This addition will become an integral part of the ServiceNow IT Operations Management portfolio.

ServiceNow stated that the addition of ServiceWatch will augment the capabilities of other ServiceNow IT Operations Management products such as Event Management, Orchestration and Discovery.

by RTT Staff Writer

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