ServiceNow buys Israeli BI co Pyramid Analytics
ServiceNow, Inc. (Nasdaq: NOW) introduced the signing of an settlement to accumulate Israeli firm Pyramid Analytics at the moment. Pyramid Analytics, headed by co-founder Omri Kohl, is a developer of a platform that consolidates all levels of labor with knowledge in a single place: gathering and sifting info, working predictive fashions, and presentation of insights to managers.
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The purpose of the acquisition, in accordance with ServiceNow, is to combine these capabilities immediately into an organization’s work techniques, in order that customers will be capable to acquire solutions to enterprise questions in actual time, with out transitioning between techniques and with out having to attend for knowledge groups.
In line with estimates by trade sources, the acquisition value is within the tons of of hundreds of thousands of {dollars}. Pyramid Analytics has raised $200 million because it was based from funds corresponding to Sequoia, Viola Development, HIG Capital, and JVP. The sale of the corporate supplies a low return to the traders, who’ve waited greater than a decade for an exit.
Solely lately 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 wherein large firms corresponding to Microsoft and Tableau (which was acquired by Salesforce for $15.7 billion in 2019) additionally function. In recent times the corporate has targeted on gross sales to giant enterprises, and, as talked about, has developed a platform that hyperlinks completely different info sources inside the enterprise, facilitates superior evaluation, and supplies AI-based suggestions. It employs about 200 folks, dozens of them in Israel.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 12, 2026.
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