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 knowledge in a single place: gathering and sifting data, operating predictive fashions, and presentation of insights to managers.
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The goal of the acquisition, in accordance with ServiceNow, is to combine these capabilities instantly into an organization’s work methods, in order that customers will be capable to receive solutions to enterprise questions in actual time, with out transitioning between methods and with out having to attend for knowledge groups.
In line with estimates by trade sources, the acquisition worth is within the a whole lot of hundreds of thousands of {dollars}. Pyramid Analytics has raised $200 million because it was based from funds equivalent to Sequoia, Viola Development, 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 not too long ago 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 knowledge evaluation and AI.
Pyramid Analytics has been lively for over a decade in enterprise intelligence, a aggressive market by which large corporations equivalent to Microsoft and Tableau (which was acquired by Salesforce for $15.7 billion in 2019) additionally function. In recent times the corporate has centered on gross sales to massive enterprises, and, as talked about, has developed a platform that hyperlinks totally different data sources throughout the enterprise, facilitates superior evaluation, and supplies 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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