In the second acquisition in less than three days (first one was Cloupia), Cisco today announced that it will acquire San Francisco, Calif. Based privately held Meraki, a cloud networking company for $1.2 billion. The acquisition will allow Cisco to expand its network offerings by providing scalable solutions for midmarket businesses.
“The acquisition of Meraki enables Cisco to make simple, secure, cloud managed networks available to our global customer base of mid-sized businesses and enterprises. These companies have the same IT needs as larger organizations, but without the resources to integrate complex IT solutions,” said Rob Soderbery, senior vice president, Cisco Enterprise Networking Group.
Meraki offers its customers Wi-Fi, switching, security and mobile device management centrally managed from the cloud. Also, the company supports BYOD, guest networking, application control, WAN optimization, application firewall and other advanced networking services. The acquisition is expected to close in the second quarter of Cisco’s fiscal year 2013.