ServiceNow (NYSE: NOW) is hungry for Expansion Now, if its latest move is any indication. The company announced it has acquired cloud IT services provider Mirror42.

In the press release trumpeting the news, ServiceNow touted the value-added qualities brought by its new asset, quoting Chief Product Officer Fred Luddy as saying that "adding advanced, predictive analytics to applications on the ServiceNow platform gives enterprises meaningful insight into business processes in a fast, intuitive way and significantly extends the power of our current reporting capabilities."

The terms of the deal were not disclosed, but ServiceNow said that "additional details" about it will be provided alongside its Q2 results. These are scheduled to be unveiled on the afternoon of July 31.

Fool contributor Eric Volkman has no position in ServiceNow. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.