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Cisco Systems Inc Announces Intent to Acquire Meraki Inc.


Sunday, 18 Nov 2012 06:47pm EST 

Cisco Systems Inc announced its intent to acquire privately held Meraki Inc., a company in cloud networking. 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. Under the terms of the agreement, Cisco will pay approximately $1.2 billion in cash and retention-based incentives to acquire the entire business and operations of Meraki. The acquisition is expected to close in the second quarter of Cisco's fiscal year 2013. 

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25.23
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31 Jul 2014