Cisco Systems said it will buy privately held cloud
networking company Meraki for $1.2 billion in cash as
part of its cloud and networking strategy.
Headquartered in San Francisco, Calif., with offices in
New York, London and Mexico, Meraki offers midmarket
customers easy-to-deploy on-premise networking
solutions that can be centrally managed from the cloud.
Cisco expects to close in the second quarter of Cisco's
2013 fiscal year and is subject to regulatory approval.
The acquisition of Meraki complements and expands
Cisco's strategy to offer more software-centric
solutions to simplify network management, help its
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
simplifies IT operations and uniting wired and wireless
networks, policy and management into one integrated
network infrastructure, unlike other competitive
Meraki technology offers Wi-Fi, switching, security and
mobile device management centrally managed from the
cloud. Meraki solutions support BYOD, guest networking,
application control, WAN optimization, application
firewall and other advanced networking services.
Meraki was founded by members of MIT's Laboratory for