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Cisco to buy cloud-networking start-up Meraki for $1.2 billion

Cisco to buy cloud-networking start-up Meraki for $1.2 billion

source link Networking equipment company Cisco Systems Inc said it will buy privately held cloud networking company Meraki for $1.2 billion in cash as part of its cloud and networking strategy.

cheap custom written papers Cisco said the acquisition of Meraki, which was founded in 2006 by members of MIT’s Laboratory for Computer Science, is expected to close in the second quarter of Cisco’s 2013 fiscal year and is subject to regulatory approval.

here Cisco’s second quarter runs until the end of January.

link Meraki – funded by Sequoia Capital and Google Inc – offers Wi-Fi technology, switching, security and mobile device management from the cloud with a focus on mid-sized businesses.

home page “This is a very logical move for Cisco,” said ZK research analyst Zeus Kerravala.

http://augustform.com/professional-resume-writing-louisville-ky/ He said the deal will allow Cisco to offer alternative solutions to traditional Wi-Fi deployment models like smaller competitors, such as Aruba Networks and Ruckus Wireless, which debuted on Friday.

http://obatherbalbengkulu.com/?p=economics-papers “Cisco didn’t really have anything to counter that before,” Kerravala noted.

does help homework Meraki’s Chief Executive Sanjit Biswas said in a letter to employees posted on the company website that Cisco had approached the company several weeks ago.

http://adieutabac.fr/why-i-must-do-my-homework/ why i must do my homework The company’s founders had at first rejected the offer in favor of continuing Meraki’s strategy aimed at an initial public listing.

help with writing my essay “After several weeks of consideration, we decided late last week that joining Cisco was the right path for Meraki,” Biswas said.

see url He also said that Meraki had achieved a $100 million bookings run rate, grown to 330 employees and had a positive cash flow.

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