In order to expand the capabilities of its solutions for traditional enterprises, ServiceNow intends to buy G2K.
According to a press statement from the firms on Friday, May 12, the acquisition would provide ServiceNow’s Now Platform access to G2K’s Internet of Things (IoT) technology, giving businesses in the retail and other industries real-time data across storefronts and other physical areas.
According to the statement, the transaction is pending regulatory approval and is anticipated to conclude in the third quarter.
Karel van der Poel, senior vice president and general manager at ServiceNow, noted in the announcement that “retail is just the beginning.” With this purchase, ServiceNow is now able to meet the expanding demands of its clients across all sectors, including manufacturing, supply chains, transportation, and the entertainment industry, even more simply and efficiently.
According to the press release, new physical capabilities will improve ServiceNow’s Now Platform’s capacity to offer enterprise-grade retail processes.
In the announcement, G2K Chief Technology Officer and Co-Founder Omar El Gohary stated that “many retailers are turning to a range of AI point solutions to help reshape retail experiences for employees and customers alike, but this results in fractured operations across the enterprise.”
Together, G2K and ServiceNow will achieve a connected vision for our clients and contribute to the transformation of the workplace in retail and beyond. We are quite thrilled about this.