ServiceNow Ecosystem Ventures Invests in inMorphis to Fuel Strategic Growth

ServiceNow (NYSE: NOW), a leading AI-driven business transformation platform, announced a strategic investment in inMorphis, a prominent ServiceNow partner in India. This investment by the ServiceNow Ecosystem Ventures Program aims to enhance inMorphis’ market capabilities in India and the ASEAN regions, focusing on generative AI technologies and aligning with ServiceNow’s global RiseUp initiative to skill one million people.

As part of ServiceNow’s strategic growth efforts, the investment seeks to expand inMorphis’ reach and proficiency in emerging markets. The support from ServiceNow, alongside lead investor Capital Square Partners (CSP), will bolster inMorphis’ ability to deliver advanced solutions and address the digital transformation needs in these regions.

India is at a pivotal point in its digital transformation journey, being one of the fastest-digitizing economies globally. Various sectors such as financial services, logistics, job markets, and e-governance are expected to drive substantial growth. However, challenges like infrastructure gaps, legacy system integration, and a skilled talent shortage remain hurdles. The investment in inMorphis aims to tackle these challenges by leveraging ServiceNow’s platform and expertise.

Marion Ryan, VP of Global Partnerships and Channels APAC at ServiceNow, emphasized the importance of this investment: “inMorphis has shown exceptional capability in driving digital transformation using our platform. This investment underscores our commitment to innovation, enhancing Gen AI offerings, and accelerating enterprise value. Through our RiseUp campaign, we aim to create a skilled workforce with inMorphis, addressing the tech skill gap in the industry.”

Himanshu Singhal, CEO and Founder of inMorphis, expressed enthusiasm about the partnership: “Our long-standing relationship with ServiceNow has been mutually beneficial. This investment will accelerate our growth, helping us expand our delivery and sales footprint across India and beyond. We are committed to advancing the adoption of ServiceNow and implementing transformative solutions across various sectors.”

As part of the RiseUp initiative, inMorphis will train and deploy over 2,500 professionals with in-demand skills on the ServiceNow platform. This workforce will be equipped to lead significant digital transformation projects, addressing urgent customer needs effectively.

Founded in 2015, inMorphis focuses on innovation, having developed unique proprietary products and accelerators that extend ServiceNow’s capabilities. With a highly skilled team of over 350 experts and more than 1,300 ServiceNow credentials, inMorphis serves enterprise clients across various industries, including financial services, technology, aviation, and telecom.

Launched in May 2023, the ServiceNow Ecosystem Ventures program aims to drive partner growth in key emerging global markets. This investment in inMorphis builds on ServiceNow’s commitment to the Indian and ASEAN markets, complementing previous investments like the co-investment with Accel in ANSR to establish ServiceNow Centers of Excellence across India.