Fred Luddy is an American entrepreneur and the founder of ServiceNow and Enterprise Software, Inc. ServiceNow provides customers with a simple, internal IT service management platform.
Luddy held the role of CEO from the time of the company’s founding in 2004 until 2011, when he stepped down to serve as chief product officer, a role he held until 2017. He stepped up to his current role as chairman of the board in 2018.
Around the time he was founding ServiceNow, Luddy had lost his nearly $35 million fortune when his former employer, Peregrine Systems, Inc., filed for bankruptcy. He started the company just two weeks before his 50th birthday.
Luddy took ServiceNow public in 2012, after turning down a $2.5 billion acquisition offer at the advice of Sequoia Capital. As of 2018, the company ranked among Forbes’ Most Innovative Companies, with over 6,000 employees, 4,000 customers, and a $30 billion market cap.
850 of ServiceNow’s customers are included on Forbes Global 2000 list of the world’s largest public firms. Over 500 of its customers spend north of $1 million annually with the company.
Prior to founding ServiceNow, Luddy served as Peregrine’s chief technology officer. Before that, he had founded Enterprise Software and worked for Boole and Babbage, Inc. and the Amdahl Corporation.
Luddy grew up in Indiana, and he attended Indiana University for a while before dropping out to pursue computer programming.
What is Frederic B. Luddy's net worth?
The estimated net worth of Frederic B. Luddy is at least $887,513.88 as of June 9th, 2021. Mr. Luddy owns 1,518 shares of ServiceNow stock worth more than $887,514 as of August 3rd. This net worth evaluation does not reflect any other investments that Mr. Luddy may own.
How do I contact Frederic B. Luddy?
The corporate mailing address for Mr. Luddy and other ServiceNow executives is 2225 LAWSON LANE, SANTA CLARA CA, 95054. ServiceNow can also be reached via phone at (408) 501-8550 and via email at [email protected]
Has Frederic B. Luddy been buying or selling shares of ServiceNow?
During the past quarter, Frederic B. Luddy has sold $9,241,155.00 in shares of ServiceNow stock. Most recently, Frederic B. Luddy sold 16,500 shares of the business's stock in a transaction on Wednesday, July 7th. The shares were sold at an average price of $560.07, for a transaction totalling $9,241,155.00.
Who are ServiceNow's active insiders?
Are insiders buying or selling shares of ServiceNow?
During the last twelve months, insiders at the information technology services provider sold shares 37 times. They sold a total of 248,668 shares worth mmore than $125,073,028.16. The most recent insider tranaction occured on July, 29th when Anita M Sands Director bought 994 shares worth more than $596,400.00. Insiders at ServiceNow own 0.7 % of the company.
Information on this page was last updated on 7/29/2021.