ServiceNow’s $230 Million Acquisition of Element AI

Osler, Hoskin & Harcourt LLP advised Element AI. BLG represented McKinsey & Company, one of Element AI’s strategic shareholders.

On January 8, 2021, ServiceNow completed its acquisition of Element AI. The acquisition of Element AI is ServiceNow’s latest strategic investment to accelerate AI innovation in its Now Platform. The transaction will allow ServiceNow to establish an AI Innovation Hub in Canada and accelerate customer-focused AI innovation in the Now Platform. Element AI will enhance ServiceNow’s commitment to build the world’s most intelligent workflow platform, enabling employees to work smarter and faster, streamline business decisions, and unlock new levels of productivity.

Element AI is an artificial intelligence solutions provider that gives organizations unparalleled access to cutting-edge technology.

ServiceNow is a platform-as-a-service provider, providing technical management support, such as IT service management, to the IT operations of large corporations, including providing help desk functionality.

The Osler team was led by Shahir Guindi (Picture) and consisting of Sophie Amyot, Calvin Leung, Samuel Cantin (Corporate) and Alain Fournier (Tax).

The BLG team was  led by Patrice Martin that included Patricia Galella, Manoj Pundit, Krstina Skocic and Francis Lussier.

Involved fees earner: Patricia Galella – Borden Ladner Gervais; Francis Lussier – Borden Ladner Gervais; Patrice Martin – Borden Ladner Gervais; Manoj Pundit – Borden Ladner Gervais; Krstina Skocic – Borden Ladner Gervais; Sophie Amyot – Osler Hoskin & Harcourt; Samuel Cantin – Osler Hoskin & Harcourt; Alain Fournier – Osler Hoskin & Harcourt; Shahir Guindi – Osler Hoskin & Harcourt; Calvin Leung – Osler Hoskin & Harcourt;

Law Firms: Borden Ladner Gervais; Osler Hoskin & Harcourt;

Clients: Element AI; McKinsey & Company;

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Author: Ambrogio Visconti