ServiceNow (NYSE: NOW), a Santa Clara, CA-based supplier of an AI platform for enterprise transformation, acquired Raytion, a Germany-based data retrieval know-how firm.
The quantity of the deal was not disclosed. ServiceNow accomplished the acquisition of Raytion in July 2024.
With the acquisition, ServiceNow will improve its GenAI-powered search and data administration capabilities. With Raytion know-how mixed with ServiceNow AI Search, customers can discover the solutions they require with out having to know precisely the place the data is situated.
Led by Valentin Richter, Founder and CEO, Raytion gives a GenAI-powered search and data administration capabilities that permit for cross-enterprise knowledge integration, pulling from the total universe of enterprise data that exists in varied data repositories, slightly than a subset.
Since 2001, Raytion has been implementing and working large-scale enterprise options for International 500 firms and organizations worldwide.
For ServiceNow, this announcement follows earlier acquisitions of Allow OH&S know-how, Hitch Works, and 4Facility know-how as a part of the corporate’s ongoing dedication to drive AI transformation on a world scale, improve worker experiences, and energy the way forward for work.
FinSMEs
25/07/2024
