Sify-Banner1

Cisco Announces Intent to Acquire Accompany

Cisco has announced its intent to acquire Accompany, a privately held company based in Los Altos, Calif. The company provides an AI-driven relationship intelligence platform for finding new prospects, navigating the selling process, and strengthening relationships. Accompany Founder and CEO Amy Chang will join Cisco as senior vice president in charge of the Collaboration Technology Group.

The acquisition of Accompany will enable Cisco to take collaboration to the next level with even more intelligence. Accompany’s AI technology and talent will help Cisco accelerate priority areas across its collaboration portfolio, such as providing user and company profile data in Webex meetings. Together, Cisco and Accompany will continue to power the future of work in a smarter way to enhance customer experiences.

Cisco will acquire Accompany for USD 270 million in cash and assumed equity awards. The Accompany team will join the Cisco Collaboration Technology Group under Chang’s leadership. The acquisition is expected to close in Cisco’s fourth quarter of fiscal year 2018, following customary closing conditions.

“Amy has proven to be an effective and innovative leader through her years as an entrepreneur, an engineer, and CEO, and I couldn’t be more pleased to have her and the Accompany team join Cisco. Together, we have a tremendous opportunity to further enhance AI and machine learning capabilities in our collaboration portfolio and continue to create amazing collaboration experiences for customers.”

Chuck Robbins
Chairman and CEO,
Cisco

Share this:

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Stay Updated on Enterprise Network and Carriers Industry.
Receive our Daily Newsletter.