01 May Cisco to Acquire Accompany

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Accompany | CEO and Co-Founder

About Accompany

Accompany developed comprehensive, real-time profiles for every single Fortune 500 CEO. Our AI-driven database provided rich, relevant insights for millions of people and companies, so our users could always find the right people and build stronger relationships.

Founded in 2013 by Amy Chang, Matthias Ruhl, and Ryan McDonough. Accompany was headquartered in Los Altos, California. The company was backed by CRV, ICONIQ Capital, Ignition Partners and Cowboy Ventures. Over the course of 3 funding rounds, Accompany raised $40.5M.

Accompany was acquired by Cisco Systems in May 2018 for for $270 million in cash and assumed equity awards.

Accompany – The Executive’s Best Friend

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meeting prep, delegated.

Anytime we detect someone new in your calendar, you’ll get an Executive Briefing delivered right to your inbox while you sleep. Everything you need to get up to speed, including professional history, relevant news, and key info on their company, is at your fingertips.

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Accompany – The largest database of senior decision makers in the world.

While only 54% of Fortune 500 CEOs have LinkedIn profiles, Accompany has comprehensive, real-time profiles for every single one. Our AI-driven database provides rich, relevant insights so you can always find the right prospects and build stronger relationships.

Gain a competitive edge with insights you’ve never seen before.

Comprehensive, at-a-glance org maps are layered with proprietary insights, allowing you to quickly pinpoint important clients or prospects, competitive affiliations, rising stars, super-connectors and more within the client organization.

E.g. Who are the superconnectors in this prospect’s org who have shown more openness/propensity toward external tooling and ideas.

Discover prospects you can’t find anywhere else.

Accompany filters through billions of data points to help you identify and connect with the exact people you’re looking for, uncovering high-potential targets that others miss.

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Never miss an opportunity to reach out with real-time news, insights, and executive briefings on the people and companies in your network. Unlock effortless, one touch relationship management.

E.g. As soon as your client joins that new board, we send you a notification so you can be the first to say congrats.

Cisco Announces Intent to Acquire Accompany

Accompany Founder and CEO Amy Chang to Lead Cisco’s Collaboration Business

SAN JOSE, Calif. – May 1, 2018 – Cisco (NASDAQ: CSCO) announced today 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.

“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 chairman and CEO. “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.”

“I am thrilled with the opportunity to join Cisco and the industry’s leading collaboration team,” said Amy Chang, Accompany founder and CEO. “Enterprise applications are rapidly becoming more intelligent and augmented with data and pertinent information in real-time. 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.”

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.

Chang, who has served as a member of Cisco’s Board of Directors since October 2016, has in conjunction with the transaction resigned from the Cisco Board of Directors effective immediately.

Cisco will acquire Accompany for $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.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow’s digital opportunity today. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.

Cisco announces intent to acquire Accompany. @_Amychang will join Cisco to lead the Collaboration Technology Group. https://t.co/2Hs0w6K09t

— Cisco (@Cisco) May 1, 2018

@accompany the only way to celebrate! Giant giant champagne times two!!! Huge thanks to @CRV and @devdutt pic.twitter.com/IDWf2NFsCJ

— Amy Chang (@_amychang) May 1, 2018

@accompany celebrating!!!!! Best team ever!!! pic.twitter.com/ylW6SHbnRy

— Amy Chang (@_amychang) May 1, 2018

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Cisco to Acquire Accompany