Cisco to expand cloud suite with $1.2 billion Meraki buy

11/19/2012 | Seeking Alpha

Cisco Systems announced it is acquiring Google-funded cloud services company Meraki for approximately $1.2 billion in cash and retention-based incentives. The deal, which will help bolster Cisco's Unified Access suite of business innovation solutions, is expected to close in the middle of the company's 2013 fiscal year.

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