SAN JOSE – Cisco (NASDAQ:CSCO) said it intends to acquire Accompany, which sells and A.I. platform to find new prospects, for $270 million in cash and assumed equity awards.
Accompany Founder and CEO Amy Chang will join Cisco as senior vice president in charge of the Collaboration Technology Group.
Accompany, based in Los Altos, CA, will help Cisco accelerate priority areas across its collaboration portfolio, such as providing user and company profile data in Webex meetings, the company said.
“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,” said Chuck Robbins, Cisco chair and CEO in a statement. “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.”
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.