Cisco Completes Acquisition of Accompany

Posted Date: 
10 May 2018
Source: 
Company press release
SAN JOSE, Calif., May 10, 2018 (GLOBE NEWSWIRE) -- Cisco (NASDAQ:CSCO) announced today it has completed the acquisition of 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’s AI technology and talent will help Cisco accelerate priority areas across its collaboration portfolio.
 
Cisco acquired Accompany for $270 million in cash and assumed equity awards. Accompany Founder and CEO Amy Chang has been named senior vice president in charge of Cisco’s Collaboration Technology Group (CTG). The Accompany team joins the CTG under Chang’s leadership.