ServiceNow Denies Interest in Acquiring Decagon

3-line summary

• ServiceNow dismissed as false a report that it was interested in acquiring AI startup Decagon, according to Investing.com. President, Chief Product Officer and COO Amit Zavery said, "To be clear, ServiceNow has no interest or intention of purchasing Decagon," adding the company's M&A strategy is unchanged and it prioritizes organic growth, seeing no major strategic gap requiring a large acquisition currently.
• The original report came from Business Insider on Tuesday, citing people familiar with the matter, saying Decagon — valued at about $4.5 billion earlier this year — had hired banks to gauge acquisition interest and held early-stage talks with potential buyers including ServiceNow.

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