According to CoinMeta, ServiceNow ( NYSE : NOW ) launched six proprietary security solutions on August 4th, aimed at capturing and fixing these threats before they turn into security vulnerabilities. These new products are integrated under a framework called Shift Zero, marking the company's rapid growth in the field of network security. The annual contract value of ServiceNow's security and risk business has exceeded $1 billion, with subscription revenue in the second quarter of 2026 amounting to $3.88 billion, a year-on-year increase of 23%. CEO Bill McDermott noted that the growth rate of this business has surpassed that of top independent network security peers, and a 98% renewal rate has supported this growth. The company includes these products in 16 out of its 20 largest deals, and its network solutions appear in 80% of its largest contracts. McDermott stated: "We are now firmly established in this market."