US-based cloud network company Meraki is the latest acquisition for Cisco. By Phil Goldstein.
Cisco Systems said it would buy Wi-Fi and cloud networking vendor Meraki for $1.2bn, augmenting its capabilities in those areas as more networks turn to Wi-Fi to offload traffic and more data gets stored in the cloud. The all-cash deal will give Cisco access to Meraki’s technology, which relies on networking devices and capabilities that can be centrally controlled via the Internet.
Meraki, which grew out of an MIT research project called Roofnet, launched in 2006 and has around 330 staff. It offers a host of services including Wi-Fi, switching, security and mobile device management, all centrally managed from the cloud.
FierceWireless: Cisco snaps up Wi-Fi and cloud networking firm Meraki for $1.2B; TelecomTV content partner.
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