ServiceNow in Capable Hands After Frank Slootman Steps Down From CEO Role
On Feb. 27, ServiceNow announced that President, CEO, and Chairman of the Board Frank Slootman will be stepping down from his CEO and management responsibilities effective April 3, 2017. Slootman will continue in his role of chairman of the board moving forward. In his place, ServiceNow has tapped former eBay CEO John Donahoe to lead the company, whose reputation for successful tech leadership precedes him. Our investment thesis remains unchanged in light of these developments, though we expect ...ServiceNow provides enterprise cloud computing services that define, structure, manage and automate digital workflows for global enterprises. The company markets its services to enterprises in a variety of industries, including consumer products, education, financial services, government, health care, information technology (IT) services and technology. The company sells its subscription services through direct sales and, to a lesser extent, through indirect channel sales. The company also provides a portfolio of personnel and other services, both directly and through its network of partners. The company's products include IT service management, IT operations management, IT business management, and security operations.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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