India, April 3 -- ServiceNow Inc. (NOW), an AI platform for business transformation, announced Thursday that it has signed a definitive agreement to acquire Logik.ai, a provider of AI-powered, and composable Configure, Price, Quote or CPQ solution.
The financial terms of the deal were not disclosed. The transaction is subject to customary regulatory approvals and closing conditions.
ServiceNow noted that Logik.ai's best-in-class capabilities for sales and commerce will expand its growing CRM footprint and empower sales organizations to close deals faster, boost productivity levels, and achieve greater efficiency.
The acquisition is expected to accelerate ServiceNow's momentum in Sales and Order Management or SOM, the critical process tha...