Cisco buys Meraki
Dec 21, 2012 (TELECOMWORLDWIRE via COMTEX) --
Cisco (NASDAQ: CSCO) said it has bought Meraki, Inc, a company that offers midmarket customers easy-to-deploy on-premise networking solutions that can be centrally managed from the cloud.
The acquisition of Meraki complements and expands Cisco's strategy to offer more software-centric solutions to simplify network management, help customers empower mobile workforces, and generate new revenue opportunities for partners.
Meraki's cloud networking solutions will expand Cisco's network offerings by providing scalable solutions for midmarket businesses. The Meraki acquisition will also strengthen Cisco's Unified Access platform, which makes IT more responsive to business innovation by simplifying IT operations and unifying wired and wireless networks, policy and management into one integrated network infrastructure, unlike other competitive offerings.
The Meraki team will become Cisco's Cloud Networking Group. Under the terms of the agreement, Cisco paid approximately $1.2 billion in cash to acquire the entire business and operations of Meraki.
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