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Cisco To Buy Meraki For $1.2 Billion 59

UnanimousCoward writes "Several outlets are reporting Cisco's intent to acquire Meraki for $1.2 billion. From the article: 'Cisco Systems of San Jose, California, says it is buying Meraki Networks of San Francisco for around $1.2 billion in cash. The news of the deal leaked on Twitter, when Cisco accidentally posted the news on its blog and swiftly removed it, but it was too late. Cisco is hoping to focus on smaller and medium-sized campuses with Meraki and its products.'"

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