In a significant move within the software and IT operations sector, ServiceNow has announced its agreement to acquire artificial intelligence firm Moveworks for $2.85 billion in a blend of cash and stock. This transaction stands out as one of the largest acquisitions in the software industry at a time when enterprises are allocating substantial investments toward enhancing their IT operations.

According to informed sources, KKR & Co. $KKR is gearing up to sell BMC Helix. The anticipated deal could amount to approximately $2 billion, including debt. This situation highlights the ongoing shifts in structure and strategy among companies in the information technology management sector.