ServiceNow Ventures Created to Accelerate the Transformation of Enterprise Work

SYDNEY, Australia – September 29, 2016 –  Following on the heels of two promising investments, ServiceNow (NYSE: NOW), the enterprise cloud company, formalised ServiceNow Ventures to accelerate the transformation of enterprise work. To get Ventures off to a flying start, ServiceNow is hosting the CreatorCon Challenge, in which startups compete to win their share of USD$500,000 in investments.
 
ServiceNow Ventures will target:

• Early-stage companies that develop cloud-based applications built on the ServiceNow platform
• Growth-stage vendors that create strategic technology integrations with ServiceNow and partner on go-to-market initiatives

“The ServiceNow platform is revolutionising the way work gets done in IT, security, customer service and HR, as thousands of developers are building powerful applications and integrations that leverage machine automation and workflow,” said Dominic Phillips, Vice President, Finance and Corporate Development, ServiceNow. “ServiceNow Ventures fuels innovative and disruptive technologies that grow and extend the ServiceNow ecosystem.”
 
ServiceNow Ventures’s portfolio includes two prior investments: early-stage company, Nuvolo, and enterprise software vendor, MuleSoft. Nuvolo is a ServiceNow independent software vendor (ISV) and leading developer of enterprise asset management applications for regulated industries such as pharmaceutical and healthcare. MuleSoft’s software platform enables global enterprises to create an application network that connects their existing systems, like ServiceNow, and third-party solutions.
 
“For more than a decade, ServiceNow has invested in building the leading cloud platform for rapid enterprise application development with unmatched reliability and best-in-class security,” said Tom Stanford, CEO of Nuvolo. “Additionally, we now have access to thousands of global enterprise customer opportunities and a world-class partner ecosystem.”
 
Calling Entrepreneurs Globally: The CreatorCon Challenge
The CreatorCon Challenge inspires startups to create new applications that accelerate innovation on the ServiceNow platform and deliver value to enterprise customers. 
 
“ServiceNow is looking to create commercial momentum for the talented developers building applications on our platform,” said Allan Leinwand, CTO, ServiceNow. “The end goal for our customers is that they have pre-built, revenue-generating applications on their core enterprise cloud platform that run across their organisation.”
 
Winners will receive an investment and awards from ServiceNow Ventures to speed their development and go-to-market efforts. First place will receive a $250,000 investment, second place a $150,000 investment, and third place a $100,000 investment. The CreatorCon Challenge finalists will compete at the company’s annual CreatorCon developer conference May 7 to 12, 2017 in Orlando, FL.

Customers choose to build innovative business applications on the ServiceNow platform that integrate, automate and modernise enterprise work for the following reasons:

• A single mobile and web application development platform;
• Contextual workflows that are optimised across the enterprise;
• Components and integrations built once and reusable across every application;
• A single data model for the enterprise eliminating data silos;
• A delegated development environment allowing anyone, regardless of skill or experience, to create apps;
• A modern, engaging user experience across any device;
• The availability, reliability and security of the ServiceNow Enterprise Cloud.
   

Additional benefits include exhibit space at the CreatorCon developer conference, travel and expenses to attend CreatorCon, membership in the ServiceNow Technology Partner Program and more. Winning applications will undergo technical certification and will be published on the ServiceNow Store where they will be available to all ServiceNow customers globally. Additional contest details may be found at CreatorCon Challenge.
 
More than 200 certified applications and integrations are available on the ServiceNow Store to download today. The ServiceNow Technology Partner ecosystem comprises more than 250 ISVs. Awards and investment opportunities are subject to the official contest rules and investment agreements.
 
Visit this blog post on Nuvolo’s use of the ServiceNow platform to build its business.