Cisco to buy Meraki for $1.2 Billion

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

In its bid to expand its cloud-based networking offerings, networking tech giant Cisco has agreed to acquire San Francisco-based cloud computing company Meraki for an estimated $1.2 billion in cash.

Meraki offers midmarket customers easy-to-deploy on-premise networking solutions that can be centrally managed from the cloud.

“The acquisition of Meraki enables Cisco to make simple, secure, cloud-managed networks available to our global customer base of mid-sized businesses and enterprises. These companies have the same IT needs as larger organizations, but without the resources to integrate complex IT solutions,” said Rob Soderbery, Senior Vice-President, Cisco Enterprise Networking Group...See More