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Cisco to Acquire AI Startup Accompany for $270 million

4 months ago
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Cisco to Acquire AI Startup Accompany for $270 million Image Credit: Accompany

Cisco will acquire Accompany which provides an AI-driven relationship intelligence platform for finding new prospects, navigating the selling process, and strengthening relationships, for $270 million.

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.

Rowan Trollope, current senior vice president and general manager of the Collaboration Technology Group is taking the next step in his career and leaving Cisco to become CEO at another company effective May 3.

Chuck Robbins, Chairman and CEO, 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.

Amy Chang, founder and CEO, Accompany
By combining Accompany's relationship intelligence capability with Cisco's award-winning collaboration product portfolio, customers will be able to more intelligently collaborate with employees, customers and partners.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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