ServiceNow acquires 5% stake in Indian BusinessNext... valuation at $700 million

1. 1ServiceNow (NOW) has acquired approximately a 5% stake in Indian software company BusinessNext.
2. 2BusinessNext raised $40 million in a Series C round from ServiceNow Ventures and was valued at $700 million.
3. 3BusinessNext's CEO said the proceeds will be prioritized for strengthening its sales capabilities to expand its distribution network across Southeast Asia and Australia.

Source Reuters +1 · View original ↗

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