ServiceNow buys into SaaS licensing to drive digitisation

ServiceNow has agreed to accumulate software program as a service (SaaS) administration firm VendorHawk to assist companies licence software program extra cost-effectively.

According to ServiceNow, huge quantities of an organization’s IT price range is being misplaced resulting from under-utilised software program.

CIOs spend time worrying about minimising threat from software program compliance audits, ServiceNow stated.

Farrell Hough, normal supervisor, ServiceNow, stated: “Having a real-time view of all software assets is critical for our customers to consciously rationalise and optimise software spend as they digitally transform.”

The firm hopes the acquisition will allow it to supply companies the flexibility to handle on-premise and SaaS belongings as they modernise their software program infrastructure to help digital transformation initiatives.

With the rising momentum of cloud software program, SaaS subscriptions can quickly inundate an organisation, usually bypassing an organization’s IT organisation. According to ServiceNow, VendorHawk cloud-based licensing instruments are designed to assist prospects uncover, rationalise and optimise SaaS subscriptions throughout their organisation.

“Adding VendorHawk’s capabilities to our software program asset administration service strengthens ServiceNow’s distinctive worth, bringing collectively important capabilities right into a single, complete platform that tremendously improves effectivity whereas nonetheless supporting the worker expertise.”

The addition of VendorHawk’s deep experience in managing SaaS utilization and redundancy enhances the present ServiceNow software program asset administration providing and brings new capabilities in SaaS spend and provider administration. VendorHawk shall be added to the Now Platform and supplied as a part of a ServiceNow Software Asset Management launch in 2019,” stated Hough.

The acquisition announcement was made as the corporate reported its first quarter of 2018 outcomes. Overall subscription revenues grew 40% year-on-year, for Q1 2018, boosting income to $543.3m.

John Donahoe, ServiceNow president and chief govt officer, stated: “Our performance was strong worldwide. We are driving digital transformation for our customers, enabling great employee and customer experiences that make it easier to get work done and deliver better business outcomes.”

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Publish Date: 2018-04-26 17:00:00

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