ServiceNow, Inc. (Nasdaq: NOW) introduced the signing of an settlement to amass Israeli firm Pyramid Analytics in the present day. Pyramid Analytics, headed by co-founder Omri Kohl, is a developer of a platform that consolidates all phases of labor with knowledge in a single place: gathering and sifting data, working predictive fashions, and presentation of insights to managers.
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The intention of the acquisition, in response to ServiceNow, is to combine these capabilities straight into an organization’s work methods, in order that customers will have the ability to acquire solutions to enterprise questions in actual time, with out transitioning between methods and with out having to attend for knowledge groups.
Based on estimates by business sources, the acquisition worth is within the lots of of thousands and thousands of {dollars}. Pyramid Analytics has raised $200 million because it was based from funds resembling Sequoia, Viola Progress, HIG Capital, and JVP. The sale of the corporate gives a low return to the buyers, who’ve waited greater than a decade for an exit.
Solely not too long ago ServiceNow introduced the acquisition of one other Israeli firm, Armis, for $7 billion. Whereas Armis operates in safety, the acquisition of Pyramid Analytics is supposed to strengthen ServiceNow’s capabilities in knowledge evaluation and AI.
Pyramid Analytics has been lively for over a decade in enterprise intelligence, a aggressive market during which large corporations resembling Microsoft and Tableau (which was acquired by Salesforce for $15.7 billion in 2019) additionally function. In recent times the corporate has centered on gross sales to massive enterprises, and, as talked about, has developed a platform that hyperlinks totally different data sources throughout the enterprise, facilitates superior evaluation, and gives AI-based suggestions. It employs about 200 individuals, dozens of them in Israel.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on February 12, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
