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ServiceNow Embroiled In DOJ Probe of Government Contract Award

snydeq shares a report from CIO.com: ServiceNow has reported potential compliance issues to the US Department of Justice "related to one of its government contracts" as well as the hiring of the then-CIO of the US Army to be its head of global public sector, the company said in regulatory filings on...

CEO Bill McDermott told financial analysts in a conference call Wednesday that someone within ServiceNow had complained about the situation and that an internal probe "determined that our company policy was violated." "Acting with total transparency, the company proactively disclosed the findings of the investigation to the proper government entities. "We also came to a mutual agreement that CJ Desai, our President and COO, would offer his resignation from the company effective immediately.

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