Solutions. ServiceNow, one of the leaders in the cloud automation platform has announced acquiring Israel-based AIOps provider Loom Systems for an undisclosed sum. Loom Systems extends ServiceNow’s IT Service Management (ITSM) and IT Operations Management (ITOM) solutions, which help companies unlock productivity and drive operational efficiency on a single platform. Within hours, IT teams will be able to identify issues that may not have surfaced using traditional log management tools. Loom Systems was founded in 2015 by CEO Gabby Menachem, CTO Ronny Lehmann and Vice President of Product Dror Mann. Applying AI to operations data in this manner has become known as AIOps in industry parlance.Jeff Hausman, vice president and general manager of IT Operations Management at ServiceNow, sees Loom's strengths merging with ServiceNow's existing tooling to help keep IT systems running. The transaction will extend ServiceNow’s AIOps capabilities, giving customers deeper insights into their digital operations so they can prevent and fix IT issues at scale before they become problems. Loom Systems was started in 2015 by Gabby Menachem, Ronny Lehmann, and Dror Mann as a platform that offers AIOps-powered log analytics solutions through …
Loom Systems helps automate manual processes, mitigate operational issues in new environments and maintain a high standard of availability for customers and employees. We are excited to join the ServiceNow team to help IT organizations respond at the speed of today’s digital business.”
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Financial terms of the deal were not disclosed.The acquisition will strengthen ServiceNow… IT operations collects tons of data across a number of monitoring and logging tools, way too much for any team of humans to keep up with.
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Financial terms of the deal were not disclosed. ServiceNow, the ServiceNow logo, Now, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. IT operations collects tons of data across a number of monitoring and logging tools, way too much for any team of humans to keep up with. "By bringing together Loom Systems’ ability to analyze log and metrics data with ServiceNow’s AIOps and workflow automation capabilities, IT departments will be able to proactively pin-point and resolve operational issues, enabling seamless experiences for their customers and employees.”
The firm plans to complete the acquisition by the end of the first quarter of 2020. "We will leverage Loom co-founder and CEO Gabby Menachem not surprisingly sees a similar value proposition. ServiceNow (NYSE:NOW) to acquire Loom Systems, an Israel-based AIOps company. ServiceNow expects to complete the acquisition … Its most recent round for $10 million was in November 2019. That's why there are startups like Loom turning to AI to help sort through it. The companies did not reveal the purchase price. Try Pro free . Resources. SAVE SEARCH . Today's deal is expected to close by the end of this quarter.Senior DHS official reassigned after unit collected information on pressCDC says another salmonella outbreak in 34 states linked to red onionsServiceNow acquires Loom Systems to expand AIOps coverageShow full articles without "Continue Reading" button for {0} hours. The transaction will extend ServiceNow’s AIOps capabilities, giving customers deeper insights into their digital operations so they can prevent and fix IT issues at scale before they become problems. Registration on or use of this site constitutes acceptance of our
Loom Systems was founded in 2015 by CEO Gabby Menachem, CTO Ronny Lehmann and Vice President of Product Dror Mann. * Copyright © 2020 Insider Inc. and finanzen.net GmbH https://www.businesswire.com/news/home/20200122005228/en/
Acquisition will strengthen ServiceNow’s AIOps capabilities to help companies prevent and fix IT issues before they become problems. ServiceNow announced today that it has acquired Loom Systems, an Israeli startup that specializes in AIOps. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated. Enterprises undergoing digital transformation often face new problems that can’t be defined in advance.
Companies People Investors Funding Rounds Acquisitions Schools Events Hubs ... Loom Systems acquired by ServiceNow . ServiceNow has signed an agreement to acquire Loom Systems, an AIOps company. ServiceNow announced it has signed an agreement to acquire Loom Systems, an Israel‑based AIOps company. ServiceNow announced today that it has acquired Loom Systems, an Israeli startup that specializes in AIOps.The companies did not reveal the purchase price.
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