ServiceNow Company Overview
What is the Stock Ticker for ServiceNow?
The stock ticker for ServiceNow is NOW.
Where is the ServiceNow headquarters?
ServiceNow's headquarters is located in Santa Clara, California, United States.
What Does ServiceNow Do?
ServiceNow is a cloud-based platform that provides enterprise-level software solutions for IT service management, human resources, customer service, security operations, and more. The company's products help organizations streamline their workflows, automate processes, and improve efficiency and productivity. ServiceNow's goal is to make work easier for employees and customers alike by providing intuitive and user-friendly software solutions.
How Does ServiceNow Make Money?
ServiceNow is a cloud-based software company that provides enterprise-level IT service management (ITSM) solutions to businesses. The company generates revenue through a subscription-based model, where customers pay a recurring fee for access to its software and services.
ServiceNow's primary source of revenue comes from its ITSM solutions, which include incident management, problem management, change management, and asset management. These solutions help businesses streamline their IT operations, improve efficiency, and reduce costs.
In addition to ITSM, ServiceNow also offers solutions for IT operations management, customer service management, HR service delivery, and security operations. These solutions are designed to help businesses automate and optimize their processes, improve customer satisfaction, and enhance security.
ServiceNow also generates revenue through professional services, which include consulting, implementation, and training services. These services help customers get the most out of their ServiceNow solutions and ensure a smooth transition to the cloud-based platform.
Overall, ServiceNow's revenue model is based on providing businesses with a comprehensive suite of cloud-based solutions and services that help them improve their operations, reduce costs, and enhance customer satisfaction.
Who Founded ServiceNow?
ServiceNow was founded by Fred Luddy in 2004.
What is the History of ServiceNow?
ServiceNow is a cloud computing company that was founded in 2004 by Fred Luddy. The company's initial focus was on IT service management, but it has since expanded to offer a wide range of enterprise services, including human resources, customer service, and security operations.
In 2012, ServiceNow went public and began trading on the New York Stock Exchange under the ticker symbol NOW. Since then, the company has experienced significant growth, with revenues exceeding $4 billion in 2020.
ServiceNow has also made several strategic acquisitions over the years, including the purchase of Mirror42 in 2013, which helped the company expand its analytics capabilities, and the acquisition of DxContinuum in 2017, which added machine learning and predictive analytics to its platform.
Today, ServiceNow is one of the leading providers of cloud-based enterprise services, with a customer base that includes many of the world's largest companies. The company is headquartered in Santa Clara, California, and has offices and data centers around the world.
What Industry is ServiceNow In?
ServiceNow is in the enterprise software and it service management (itsm) industry.
What Are ServiceNow's Competitive Advantages?
1. Comprehensive platform: ServiceNow offers a comprehensive platform that integrates various IT service management (ITSM) and business process automation (BPA) tools. This allows organizations to streamline their operations and improve efficiency.
2. Cloud-based solution: ServiceNow is a cloud-based solution, which means that it can be accessed from anywhere and at any time. This makes it easy for organizations to manage their operations remotely and collaborate with team members across different locations.
3. Customizable workflows: ServiceNow allows organizations to customize their workflows to meet their specific needs. This means that they can automate their processes and workflows to improve efficiency and reduce errors.
4. Integration capabilities: ServiceNow integrates with various third-party applications, including Salesforce, Microsoft Office, and Google Apps. This allows organizations to leverage their existing investments and improve their overall productivity.
5. Scalability: ServiceNow is highly scalable, which means that it can grow with an organization as its needs change. This makes it an ideal solution for organizations of all sizes, from small businesses to large enterprises.
What Are ServiceNow's Competitive Threats?
1. Increased competition from established players in the IT service management (ITSM) market, such as BMC Software, IBM, and HP.
2. Emergence of new players in the ITSM market, such as Cherwell Software, Freshworks, and Atlassian.
3. Growing popularity of open-source ITSM solutions, such as OTRS and iTop, which offer similar functionality at a lower cost.
4. Increasing adoption of cloud-based ITSM solutions, which may pose a threat to ServiceNow's traditional on-premise software model.
5. Economic downturns or budget cuts that may lead to reduced spending on ITSM solutions.
6. Cybersecurity threats and data breaches that may erode customer trust in ServiceNow's security capabilities.
7. Regulatory changes or compliance requirements that may increase the cost of doing business for ServiceNow and its customers.
8. Changes in technology trends, such as the rise of artificial intelligence and automation, which may disrupt the ITSM market and require ServiceNow to adapt its offerings.
Who Are Some of the Competitors of ServiceNow?
Some of the competitors of ServiceNow include BMC Software, IBM, Microsoft, Salesforce, and Atlassian.
What Are Some of ServiceNow's Products and Services?
Some notable products and services from ServiceNow include their IT Service Management (ITSM) platform, their Customer Service Management (CSM) platform, their Human Resources Service Delivery (HRSD) platform, their Security Operations (SecOps) platform, and their IT Operations Management (ITOM) platform. They also offer a variety of other solutions and services related to workflow automation, digital transformation, and enterprise service management.
Has ServiceNow Acquired any Companies?
Yes, ServiceNow has made several notable acquisitions, including DxContinuum, SkyGiraffe, and Parlo.