Fenwick & West and Goodwin advised on the transaction
Cisco (NASDAQ:CSCO) announced 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 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.
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.
Fenwick & West represented Cisco Systems, Inc. (NASDAQ: CSCO) with a team including Ken Myers (Picture), Scott Behar, Matthew McCabe and Andrew Murphy; executive compensation and employee benefits lawyers Gerald Audant, Nicholas Frey and Ariel Gaknoki; technology transactions lawyers Stephen Gillespie, Jonathan Millard, Christopher Joslyn, Pinar Bailey and Russell Wong; and tax lawyers Andrew Kim and Ora Grinberg.?
The Goodwin cross disciplinary team was led by partner Anthony McCusker and included partners Natascha George, Kelsey Lemaster, Karen Neuman, Koray Bulut, James Riley, and Andrea Agathoklis Murino; and associates Daniel Espinoza; Aaron Chan; Elizabeth Telefus, David Rouse; Andrew Wilson; Korey Anvaripour; James Devendorf; Benjamin Horwitz; Brian Desmarais and Jason Bark.
Involved fees earner: Ken Myers – Fenwick & West LLP; Scott Behar – Fenwick & West LLP; Matthew McCabe – Fenwick & West LLP; Andrew Murphy – Fenwick & West LLP; Gerald Audant – Fenwick & West LLP; Nicholas Frey – Fenwick & West LLP; Ariel Gaknoki – Fenwick & West LLP; Stephen Gillespie – Fenwick & West LLP; Jonathan Millard – Fenwick & West LLP; Christopher Joslyn – Fenwick & West LLP; Pinar Bailey – Fenwick & West LLP; Russell Wong – Fenwick & West LLP; Andrew Kim – Fenwick & West LLP; Ora Grinberg – Fenwick & West LLP; Anthony McCusker – Goodwin Procter; Daniel Espinoza – Goodwin Procter; Aaron Chan – Goodwin Procter; Natascha George – Goodwin Procter; Koray Bulut – Goodwin Procter; James Devendorf – Goodwin Procter; Karen Neuman – Goodwin Procter; Elizabeth Telefus – Goodwin Procter; David Rouse – Goodwin Procter; Korey Anvaripour – Goodwin Procter; Benjamin Horwitz – Goodwin Procter; James Riley – Goodwin Procter; Andrea Agathoklis Murino – Goodwin Procter; Andrew Wilson – Goodwin Procter; Brian Desmarais – Goodwin Procter;