Cisco loses key software exec

Cisco lost a key warrior in its battle to become a monster software player this week as Rowan Trollope, senior vice president and head of the $5 billion Application Group, said he would be leaving the company effective May 3 to become CEO of cloud startup Five9.

“During Trollope’s tenure, his team reinvented Cisco’s Collaboration business, pivoting to a SaaS model and making design, simplicity and exponential improvement the guiding principles of product development,” Five9 wrote in describing its new CEO’s pedigree.

“As a result, the business returned to growth – with recurring revenue growing in the double digits, margins expanding significantly, market share increasing, and leading Cisco’s shift to recurring revenue.”

Trollope’s departure was announced in a Cisco press release about its acquisition of artificial-intelligence technology start-up Accompany for $270 million in cash.  Accompany founder and CEO Amy Chang will step into Trollope’s role, Cisco said.  

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