ServiceNow to acquire identity security start-up Veza
PositiveArtificial Intelligence
- ServiceNow has announced its intention to acquire the identity security startup Veza, integrating Veza’s Access Graph platform with its AI Control Tower dashboard. This acquisition is estimated to be valued between $1 billion and $1.5 billion, reflecting Veza's significant growth from a private valuation of $808 million earlier this year.
- This acquisition is a strategic move for ServiceNow, enhancing its capabilities in identity security, which is increasingly critical in the digital landscape. By combining Veza’s technology with its existing platforms, ServiceNow aims to strengthen its position in the cybersecurity market.
- The deal underscores a growing trend in the tech industry where major players are investing in identity security solutions. As cyber threats evolve, companies are prioritizing robust security measures, and this acquisition highlights the competitive landscape as firms seek to bolster their offerings in response to increasing demand for secure digital environments.
— via World Pulse Now AI Editorial System
