May 26, 2024

Paull Ank Ford

Business Think different

ServiceNow Buys Data Management Startup


ServiceNow, a supplier of digital workflow management options, is acquiring Belgian startup Sweagle to enable customers maintain their program up and operating.

Sweagle is a pioneer in IT configuration management automation, making use of equipment learning to determine and enable stop perhaps highly-priced program configuration glitches.

Businesses normally need to navigate fifty,000 or far more configuration knowledge items to make a single business software operate effectively, ServiceNow reported in asserting Monday it would obtain Sweagle for an undisclosed sum.

“With Sweagle, ServiceNow customers can rapidly deploy programs and infrastructure as code changes far more usually on a single knowledge system,” it extra.

As TechCrunch experiences, “With far more firms going agen ppob staff house, generating guaranteed your devices are up and operating has turn out to be far more important than ever. ServiceNow, which includes in its item catalog an IT enable desk element, acknowledges that enable desks have been bombarded through the [coronavirus] pandemic.”

Configuration errors can cause shutdowns, protection concerns, and other significant issues for enterprises.

“With capabilities for configuration knowledge management from Sweagle, we will empower devops groups to supply software and infrastructure changes far more promptly although lowering possibility,” reported RJ Jainendra, ServiceNow’s vice president and normal supervisor of DevOps and IT Business enterprise Administration.

Sweagle was started in 2017 and lifted $4.05 million on a put up-valuation of $11.88 million, in accordance to PitchBook knowledge. “Today, configuration knowledge is as important as possessing fantastic code — and this is the foundation that Sweagle was designed on,” Sweagle CEO and co-founder Mark Verstockt reported.

“Every working day a little something goes mistaken in a enterprise relevant to negative configuration knowledge,” he extra. “Together, we can enable customers supply greater-high-quality programs with no the want for handbook operate, all although lowering expense.”

ServiceNow joins a selection of greater firms that have been attaining startups through the pandemic, like VMware, Atlassian, and NetApp, which have acquired Ocatarine, Halp, and Place, respectively, in modern months.

In trading Monday, ServiceNow shares rose .three% to $401. The stock has climbed far more than fifty seven% considering that the pandemic forced quite a few firms to have workforce operate from house.

(Image by Smith Selection/Gado/Getty Photos)
configuration knowledge management, coronavirus, ServiceNow, program configuration, startup, Sweagle, workflow management