celonis, the process management startup with an eye-popping $11 billion valuation, has announced a new partnership, this time with ServiceNow.
The co-founder and CEO of celonisAlexander Rinke says that he and the CEO of ServiceNow, Bill McDermott, have been in touch for a long time and that working together should bring great benefits to both companies. "With ServiceNow, we can both increase the benefits that customers receive, make sure that we are helping companies modernize their processes and the systems on which those processes run.”
The two companies will work together to combine the low-code workflow automation tool ServiceNow that it announced in March with the process tools of celonis. Dave Wright, Director of Innovation at ServiceNow, says that by uniting the experience in executing processes of celonis with the capabilities of automation, machine learning, robotic processes and application development of low code de ServiceNow, they can improve the workflow for their mutual clients.
“It's about helping customers understand more deeply the dynamics of work in the enterprise and apply those insights to accelerate digital innovation and predict how work can be improved,” said Wright.
Today's announcement comes on the heels of a similar agreement with IBM announced in April, and gives the company another great organization to help it sell its software. Rinke says that the three companies can work together.
“This partnership is designed to benefit all of our customers and strategic partners, including IBM Global Business Services (GBS). IBM GBS has experience with both ServiceNow As with celonis and now you could combine both platforms to deliver much faster and more substantial business process transformation.”
These large companies and investors see a company that builds process software to help clients understand how work flows through their organizations, and from there, how to make it more efficient through automation. Working together with these larger organizations should help drive business growth for celonis, while giving these large public companies access to sophisticated software that they can bundle with software and services they are already offering.
ServiceNow It has also moved towards automation in the last year, announcing a series of moves to accelerate this change. That included the acquisition of the RPA provider Intellibot and the announcement of tools for creating workflows using platforms of low code in March.
The $11 billion valuation came in June when celonis announced a Series D of one billion.
