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    Divestment - 2025.02.26

    Advania Expands Strategic Focus as ServiceNow Acquires Quality 360

    Advania
    Written by Advania

    Advania has divested its Quality 360 application to ServiceNow (NYSE: NOW), the AI platform for business transformation. Originally developed to help manufacturing companies manage quality issues, Quality 360 will now be integrated into ServiceNow's platform, ensuring greater scalability, continued innovation, and access to a broader market.

    Key Points:

    • ServiceNow acquires Advania's Quality 360 application for global platform integration
    • Reflects Advania's client-driven innovation and scalable business model
    • Creates new revenue streams through development, sale, and implementation
    • Strengthens long-term partnership while ensuring continued client support

    This transaction exemplifies Advania's strategic approach to innovation. Quality 360 was born from Advania's commitment to solving specific client challenges, often leading to solutions with broader market potential. By transitioning ownership to ServiceNow, Advania ensures the application can thrive globally while continuing to support Quality 360 deployments as a trusted partner.

    "This move sharpens our strategic focus," says Hege Støre, Group CEO of Advania. "We develop solutions as part of our tailored, business-oriented IT services. When those solutions prove valuable to a larger market, collaborating with industry leaders like ServiceNow allows us to scale innovation while staying true to our core strengths."

    Henrik Foyn-Laukvik, Group Chief M&A Officer, adds: "This is a prime example of how we create value. The initial development was driven by client needs, and now the sale generates additional value while opening new implementation opportunities. It’s a proven model we've followed since inception - solving unique challenges, scaling solutions, and unlocking new revenue streams."

    The transaction reflects Advania's long-standing strategy: delivering tailored IT solutions, transforming intellectual property into scalable offerings, and unlocking growth opportunities through strong partnerships.

    Please see the full press release.

    For more information, please contact: 

    Hege Støre, Group Chief Executive Officer
    E-mail: hege.store@advania.com 
    Phone: +47 901 42 548

    Henrik Foyn-Laukvik, Group Chief M&A Officer
    E-mail: henrik.foyn-laukvik@advania.com 
    Phone: +47 452 82 326

    About Advania AB

    Advania delivers comprehensive IT services across the UK, Sweden, Norway, Iceland, Finland, and Denmark. Tracing its roots to a 1939 office equipment repair workshop in Iceland, the company has become a leading Northern European IT services provider. Advania serves mid-market clients in private and public sectors through managed services, hardware, software, and professional services.

    With over 5,500 employees, Advania combines technical excellence with lasting client relationships and strategic partnerships to create sustainable value. Its decentralized culture empowers employees to make decisions based on local client needs, fostering entrepreneurship while ensuring consistent service quality across markets. Advania drives sustained service demand and long-term shareholder value by prioritizing client value creation. The company is backed by funds managed by Goldman Sachs Alternatives.

    For further information, please visit www.advania.com

    About ServiceNow, Inc

    ServiceNow (NYSE: NOW) is putting AI to work for people. We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes.

    For further information, please visit www.servicenow.com
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