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Submission + - Cisco blockbuster: Buying cloud network company Meraki for $1.2B (networkworld.com)

alphadogg writes: Cisco said Sunday it intends to acquire Meraki, a vendor of technology for cloud based management of wireless LAN, security appliances, and mobile devices for $1.2 billion in cash and retention-based incentives. The acquisition of Meraki, a privately-held company in San Francisco, 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, Cisco said in a statement. Meraki was founded in 2006 by MIT doctorate candidates..
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Cisco blockbuster: Buying cloud network company Meraki for $1.2B

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