Swarm64 Acquisition Expands ServiceNow’s Workflow and Data Potential
Deal Synopsis
Swarm64 is being acquired by ServiceNow to accelerate the company’s strategy of enhancing its core platform through specialized data technologies. The deal underscores ServiceNow’s focus on expanding its ecosystem with targeted capabilities that complement its AI-driven architecture. By bringing Swarm64’s expertise into the fold, ServiceNow signals to customers and investors its commitment to strengthening platform performance and broadening the foundation for future innovation. Learn more in the press release.
Company Details
Swarm64 was co-founded in 2013 by CEO Thomas Richter with a team focused on accelerating PostgreSQL database performance for customers handling high volumes of data to enable sophisticated analytics with AI and machine learning models.
Swarm64 offers a combination of the analytical and transactional database capabilities that support large-scale, intelligent workflows and enable best-in-class performance and scalability for our customers.
Investor Details
The ServiceNow AI Platform digitizes workflows across functions and critical business systems by connecting them on a single platform so that companies can maximize the value of existing technology investments, cut costs, and make impactful improvements in core business processes.
It uses a single data model and a single architecture, and it’s based on a secure, task-based technology framework, with AI and machine learning built in.
It enables data to flow seamlessly across applications, departments, and existing systems to automate and streamline work, helping to eliminate organizational silos.