ServiceNow Built a Billion-Dollar Cybersecurity Business, and It's Growing Faster Than the Competition
The software provider sits on a map of the enterprise that dedicated security vendors can't match.
Overview
ServiceNow (NYSE: NOW), which is best known for software that helps automate workflows, spoke about its new cybersecurity vertical like a real competitor on its second-quarter call recently.
Details
Its security and risk franchise crossed $1 billion in annual contract value last year, and CEO Bill McDermott claims it's growing faster than the top cybersecurity companies. After having its cyber solutions included in 80% of the company's biggest deals, McDermott stated, "we're in the party now."
Source
Originally published at www.fool.com.
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