Cisco bought Meraki for $ 1.2 billion

The company Cisco Systems yesterday announced its new acquisition, which cost the buyer $ 1.2 billion. It is about the company Meraki, which is engaged in solutions in the field of remote control of computer networks of different scales. It is worth noting that the company Meraki has repeatedly received investments from Google and Sequoia Capital.



The purchased company was founded back in 2006, and was founded by its graduates from the Massachusetts Institute of Technology. Currently, the company is mainly working on solutions for medium-sized businesses, where it is not always possible to pay maximum attention to the security of computer networks. In addition, the Meraki team has recently begun to pay attention to cloud technologies, which are becoming more common and popular.

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This year, Cisco Systems has already made several acquisitions, including fairly large purchases. For example, Cisco acquired Cloupia just last week for $ 130 million.



Since the transaction is large, it can be closed not so soon. The purchase agreement provides for Meraki's infusion into the Cisco Enterprise Networking Group. All transactions related to the purchase must be completed by the second quarter of 2013.



Via ndtv