ServiceNow (NOW) to Invest $750 Million in Genesy

ServiceNow, Inc. (NYSE:NOW) is one of the Best Stocks to Invest in for High Returns. On August 1, ServiceNow, Inc. (NYSE:NOW) announced that it has agreed to invest $750 million in Genesy, which is a leading AI‑Powered Experience Orchestration company.

The total investment secured by Genesy amounts to $1.5 billion, with the other $75 million coming from Salesforce, Inc. (NYSE:CRM). Genesy noted that the investment would be used to buy back shares from current equity holders. The company has deep partnerships with both the investing companies. The partnership with Salesforce brings a unified AI-powered CX solution, called the CX Cloud. On the other hand, ServiceNow, Inc. (NYSE:NOW) and Genesys offer an integrated solution that brings together customer service teams in one place. The investment is expected to close by the end of Genesys’s fiscal year 2026, pending regulatory approval.

ServiceNow, Inc. (NYSE:NOW) provides a cloud-based AI platform that helps businesses automate and digitize workflows across various departments.

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Disclosure: None. This article is originally published at Insider Monkey.