SEG Sector Deals provide transaction highlights, relevant insights, and SEG’s perspective on interesting M&A deals within the software industry. 

Cisco acquired Accompany, a provider of AI-driven relationship intelligence software, for $270M. Accompany’s SaaS-based platform provides an online professional database that maps people and their relationships at companies. The platform will be incorporated into Cisco’s collaboration product portfolio, allowing customers to utilize AI to connect with employees, customers, and partners. Furthermore, the transaction provides additional AI related features to their portfolio, including a sales-related functionality.

Accompany’s AI-knowledgeable talent pool will further enable Cisco to increase their competitive edge against intelligence offerings from enterprise providers IBM, Salesforce, Oracle, and Adobe, as they focus on improving their communications and collaboration product offering.

Seller Business Description:

Accompany is a provider of AI-driven relationship software. HQ: Los Altos, CA

Buyer Business Description:

Cisco is a leading provider of IT infrastructure software and hardware. HQ:  San Jose, CA. See Press Release