Skadden, Arps, Slate, Meagher & Flom LLP advised ServiceNow on the deal.
ServiceNow, the leading digital workflow company that makes work, work better for people, signed an agreement to acquire next-generation observability leader Lightstep.
By acquiring Lightstep, ServiceNow will solidify and accelerate its position as the world’s leading enterprise platform for digital businesses. ServiceNow is already a recognized market leader in IT service management, IT operations management, and digital workflows. With Lightstep, an emerging pioneer in next-generation application monitoring and observability, ServiceNow will help DevOps engineers build, deploy, run, and monitor state-of-the-art, cloud-native applications. Together, ServiceNow and Lightstep will extend the benefits of observability across the enterprise through digital workflows that convert real-time insights into action across all the technologies, people, and processes that enable digital business.
ServiceNow (NYSE: NOW) is making the world of work, work better for people. Its cloud-based platform and solutions deliver digital workflows that create great experiences and unlock productivity for employees and the enterprise.
Lightstep is the trusted observability solution for both born-in-the-cloud companies like GitHub, Spotify, and Twilio, and fast-growing enterprises whose businesses are increasingly reliant on software applications. The Lightstep platform provides a unified approach to observability with system-wide visibility and insights integrated across metrics, distributed traces, and logs.
The Skadden team advising ServiceNow included M&A partner Thomas Ivey (Picture), and associates Cynthia Lam and Michelle Cho; Intellectual Property and Technology partner Ken Kumayama; Executive Compensation and Benefits partner Joseph Yaffe and associate Stephanie Birndorf; Labor and Employment Law counsel Anne Villanueva; Tax partner Sean Shimamoto and associate Martin de Jong; Antitrust/Competition counsel Steven Albertson (Washington, D.C.); and Real Estate partner Peter Mair (Los Angeles). All attorneys are located in Palo Alto unless otherwise indicated.
Involved fees earner: Steven Albertson – Skadden Arps Slate Meager & Flom; Stephanie Birndorf – Skadden Arps Slate Meager & Flom; Michelle Cho – Skadden Arps Slate Meager & Flom; Martin de Jong – Skadden Arps Slate Meager & Flom; Thomas Ivey – Skadden Arps Slate Meager & Flom; Ken Kumayama – Skadden Arps Slate Meager & Flom; Ho Yee Cynthia Lam – Skadden Arps Slate Meager & Flom; Peter Mair – Skadden Arps Slate Meager & Flom; Sean Shimamoto – Skadden Arps Slate Meager & Flom; Anne Villanueva – Skadden Arps Slate Meager & Flom; Joseph Yaffe – Skadden Arps Slate Meager & Flom;
Law Firms: Skadden Arps Slate Meager & Flom;
Clients: ServiceNow Inc.;