ServiceNow, Inc. (Nasdaq: NOW) introduced the signing of an settlement to amass Israeli firm Pyramid Analytics right now. 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 info, 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 instantly into an organization’s work programs, in order that customers will have the ability to receive solutions to enterprise questions in actual time, with out transitioning between programs and with out having to attend for information groups.
In response to estimates by trade sources, the acquisition worth is within the lots of of hundreds of thousands of {dollars}. Pyramid Analytics has raised $200 million because it was based from funds comparable to Sequoia, Viola Progress, 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 just 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 during which big firms comparable to Microsoft and Tableau (which was acquired by Salesforce for $15.7 billion in 2019) additionally function. Lately the corporate has targeted on gross sales to massive enterprises, and, as talked about, has developed a platform that hyperlinks totally different info sources throughout the enterprise, facilitates superior evaluation, and gives AI-based suggestions. It employs about 200 folks, dozens of them in Israel.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 12, 2026.
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