Service-now.com Gets $41M Infusion; CEO, CFO Take $37M Off Table

Service-now.com has raised $41M of a $66M funding round, the company disclosed in an SEC filing today. The company was founded by Fred Luddy in 2004 to provide on-demand Enterprise IT services and 2009 has been a boom year for the company. Service-now.com specializes in cloud-based Software as a Service (Saas) IT service management solutions. They cover everything from licensing compliance to the service desk all with a built in analytics system. On July 21 of this year a company press release detailed some of the company's accomplishments including: recurring revenue of more than $28 million, 105 percent growth in recurring revenue and a variety of accolades. We're awaiting word from Service-now.com about the funding. In the meantime we can deduce that some of the funding is probably from Sequoia Capital .