ServiceNow, Inc. (Nasdaq: NOW) introduced the signing of an settlement to accumulate Israeli firm Pyramid Analytics at present. Pyramid Analytics, headed by co-founder Omri Kohl, is a developer of a platform that consolidates all phases of labor with information in a single place: gathering and sifting data, operating predictive fashions, and presentation of insights to managers.
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The intention of the acquisition, in line with ServiceNow, is to combine these capabilities straight into an organization’s work techniques, in order that customers will have the ability to acquire solutions to enterprise questions in actual time, with out transitioning between techniques and with out having to attend for information groups.
In keeping with estimates by trade sources, the acquisition worth is within the lots of of tens of millions of {dollars}. Pyramid Analytics has raised $200 million because it was based from funds resembling Sequoia, Viola Development, HIG Capital, and JVP. The sale of the corporate gives a low return to the buyers, who’ve waited greater than a decade for an exit.
Solely lately ServiceNow introduced the acquisition of one other Israeli firm, Armis, for $7 billion. Whereas Armis operates in safety, the acquisition of Pyramid Analytics is supposed to strengthen ServiceNow’s capabilities in information evaluation and AI.
Pyramid Analytics has been energetic for over a decade in enterprise intelligence, a aggressive market wherein large firms resembling Microsoft and Tableau (which was acquired by Salesforce for $15.7 billion in 2019) additionally function. In recent times the corporate has targeted on gross sales to giant enterprises, and, as talked about, has developed a platform that hyperlinks totally different data sources inside the enterprise, facilitates superior evaluation, and gives AI-based suggestions. It employs about 200 individuals, dozens of them in Israel.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 12, 2026.
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