ServiceNow, Inc. (Nasdaq: NOW) introduced the signing of an settlement to amass Israeli firm Pyramid Analytics right this moment. 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 purpose of the acquisition, in response to ServiceNow, is to combine these capabilities immediately into an organization’s work methods, in order that customers will be capable of acquire solutions to enterprise questions in actual time, with out transitioning between methods and with out having to attend for information groups.
Based on estimates by trade sources, the acquisition worth is within the tons of of tens of millions of {dollars}. Pyramid Analytics has raised $200 million because it was based from funds equivalent to Sequoia, Viola Progress, HIG Capital, and JVP. The sale of the corporate supplies 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 lively for over a decade in enterprise intelligence, a aggressive market by which big firms equivalent to 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 massive enterprises, and, as talked about, has developed a platform that hyperlinks totally different info sources throughout the enterprise, facilitates superior evaluation, and supplies 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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