ServiceNow has invested $40 million for a 5% stake in Indian banking software company BusinessNext, valuing it at $700 million. BusinessNext, which serves over 70 banks across India, Southeast Asia, the Middle East, and the U.S., will leverage ServiceNow’s global sales network to expand its AI-driven banking workflow solutions. The partnership combines BusinessNext’s customer-facing banking expertise with ServiceNow’s strength in workflow automation and back-office systems, aiming to accelerate AI adoption in financial services worldwide. This strategic move supports BusinessNext’s growth beyond India and enhances ServiceNow’s presence in the banking sector amid rising demand for AI-native enterprise software.
ServiceNow will report its Q3 results on October 28, with shares up nearly 12% recently due to high expectations for its agentic AI growth. Last quarter, ServiceNow beat earnings estimates for the sixth time in a row, with revenue rising 24% and AI c...
Palantir Technologies surged 4% to $199.41, leading a broader software stock rally driven by interest in AI platforms. ServiceNow also rose 3%, while Salesforce remained flat. Palantir's recent partnership with Knox Systems aims to bring its commerci...
