ServiceNow Stock Drops 6.06% Amid 67th Ranked Trading Volume as it Acquires Logikai

On April 3, 2025, ServiceNow (NOW) experienced a significant drop of 6.06% in its stock price, with a trading volume of 16.15 billion, ranking 67th in the day's market activity.

ServiceNow has announced its acquisition of Logik.ai, an AI-powered, composable CPQ solution. This strategic move is aimed at enhancing CRM and industry workflows by automating processes. Logik.ai's integration of AI into its CPQ solution is designed to accelerate transaction management through an advanced rules engine, which focuses on speed and efficiency.

This acquisition is part of ServiceNow's ongoing efforts to strengthen its position in the CRM market. Logik.ai's innovative CPQ solution is expected to streamline sales processes and improve efficiency for sales organizations. The deal is anticipated to bolster ServiceNow's CRM offerings, providing a more comprehensive and automated solution for its clients.