ServiceNow, which provides businesses with outsourced IT and customer service support as well as other digital services, said it was buying the business process automation company Moveworks for $2.85 billion in cash and stock.

ServiceNow Inc. has agreed to buy artificial intelligence firm Moveworks for $2.85 billion as part of its push into AI tools that can complete tasks without human supervision.The acquisition, ServiceNow’s largest yet,

The cash and stock deal for privately-owned Moveworks comes as enterprises are increasingly adopting AI and investing in automating their IT operations to improve productivity. Moveworks, which offers agentic AI solutions to assist clients,