Boston, MA 05\/12\/2014 (wallstreetpr) \u2013 ServiceNow Inc (NYSE:NOW)<\/b> is poised to receive $12 million in investment over the next two years from Cloud Sherpas. The decision comes at a time when the business is experiencing exponential growth in customer and revenue fronts. The financial injection is expected to support further growth in revenue and customers in addition to the launch of new products.<\/p>\n
The company seeks to offer the best automation and workflow solutions in an environment where enterprises are spending generously to acquire reliable cloud solutions with the aim of cutting operating costs and expenses.<\/p>\n
Financial injection<\/b><\/p>\n
Pumping $12 million into ServiceNow Inc (NYSE:NOW) cannot come at a much better time. The company enjoys a solid reputation in the cloud services space and additional investment should support new products as the company’s to move from being an ordinary cloud provider to a full package of application that meets the present and future needs of the enterprise market. <\/b><\/p>\n
Big opportunities<\/b><\/p>\n
The fact that companies are investing in IT to support automation and streamline operations with an eye on cost-cutting makes the business environment favorable for ServiceNow Inc (NYSE:NOW). With the improving economic conditions, the company expects to win more customers because typically companies spend so much on IT when they are doing well.<\/p>\n
As such, the company is improving its product portfolio to attract the biggest share of the enterprise service management market that is valued between $6 and $10 billion.<\/p>\n
Shareholder value<\/b><\/p>\n
As ServiceNow Inc (NYSE:NOW) seeks to improve product portfolio, attract more customers and generate higher revenue, internal improvements are also on the cards. The company seeks to continue its costs and expenses control measures to support bottom-line growth amid bottom-line improvement. Moreover, in addition to pursuing short-term gains, the company is plotting for the long-term growth to ensure that shareholders have sustainable stream of benefits into the future.<\/p>\n
With the $12 million and a business that is already highly regarded, there is no that ServiceNow Inc (NYSE:NOW) will achieve the desired improvement and growth over the next two years of the planned financial injection.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 05\/12\/2014 (wallstreetpr) \u2013 ServiceNow Inc (NYSE:NOW) is poised to receive $12 million in investment over the next two years from Cloud Sherpas. The […]<\/p>\n","protected":false},"author":32,"featured_media":21901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[6532,6531],"stock_ticker":[],"class_list":["post-21897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nysenow","tag-servicenow-inc-nysenow","entry"],"acf":[],"yoast_head":"\n