News: ServiceNow acquires Loom Systems

#MergersAndAcquisitions

ServiceNow acquires Loom Systems

The acquisition will strengthen ServiceNow’s AIOps capabilities to help companies prevent and fix IT issues.
ServiceNow acquires Loom Systems

ServiceNow announced that it has acquired Loom Systems, an Israeli startup that specializes in AIOps. The transaction will extend ServiceNow’s AIOps capabilities, giving customers deeper insights into their digital operations so they can prevent and fix IT issues at scale.

“Today, IT departments struggle to meet performance expectations and keep pace with the growth in demand for new, great digital services,” said Jeff Hausman, Vice President and General Manager of IT Operations Management at ServiceNow. “By bringing together Loom Systems’ ability to analyze log and metrics data with ServiceNow’s AIOps and workflow automation capabilities, IT departments will be able to proactively pinpoint and resolve operational issues, enabling seamless experiences for their customers and employees.”

Loom Systems extends ServiceNow’s IT Service Management (ITSM) and IT Operations Management (ITOM) solutions, which help companies unlock productivity and drive operational efficiency on a single platform. With Loom Systems, ServiceNow will increase customers’ ability to apply AI to their knowledge base of issues and fixes for better insights into root causes and allow them to automate remediation tasks, reducing the number of Level 1 IT incidents.

 “As a strategic partner to the world’s largest enterprises, ServiceNow is enabling digital transformation and driving customer success,” said Gabby Menachem, CEO of Loom Systems. “By joining forces, we have the unique opportunity to bring together our AI innovations and ServiceNow’s AIOps capabilities to help customers prevent and fix IT issues before they become problems. We are excited to join the ServiceNow team to help IT organizations respond at the speed of today’s digital business.”

Loom Systems was founded in 2015 by CEO Gabby Menachem, CTO Ronny Lehmann and Vice President of Product Dror Mann.

ServiceNow expects to complete the acquisition by the end of Q1 2020.

Read full story

Topics: #MergersAndAcquisitions, Technology

Did you find this story helpful?

Author

QUICK POLL

As a talent leader, which of these tools would help you navigate your Next Curve?

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :