Wednesday, January 18, 2017
ServiceNow Buys DxContinuum
ServiceNow, the developer of cloud-based, enterprise software for service management which has a big office San Diego, announced this morning that it has acquired DxContinuum, a developer of machine learning software. Financial details of the all-cash deal were not announced. DxContinuum was led by Debu Chatterjee, and was based in Fremont, California. DxContinuum was backed by Cequel III, LLC. ServiceNow was founded in San Diego, but its headquarters was moved to Santa Clara in 2014 due to an Northern California executive team recruited to run the company after its IPO. The company's San Diego offices were, at one time, the company's largest, but it's unclear how that has changed since the company shifted its headquarters North.