Cisco (CSCO) Completes Meraki Acquisition
Tweet
Share
E-mailGet Alerts CSCO Hot Sheet
Join SI Premium – FREE
Cisco (Nasdaq: CSCO)has completed the acquisition of Meraki, Inc., a leader in cloud networking. Meraki offers midmarket customers easy-to-deploy on-premise networking solutions that can be centrally managed from the cloud.
The acquisition of Meraki complements and expands Cisco's strategy to offer more software-centric solutions to simplify network management, help customers empower mobile workforces, and generate new revenue opportunities for partners.
Meraki's cloud networking solutions will expand Cisco's network offerings by providing scalable solutions for midmarket businesses. The Meraki acquisition will also strengthen Cisco's Unified Access platform, which makes IT more responsive to business innovation by simplifying IT operations and unifying wired and wireless networks, policy and management into one integrated network infrastructure, unlike other competitive offerings.
The Meraki team will become Cisco's Cloud Networking Group. Under the terms of the agreement, Cisco paid approximately $1.2 billion in cash to acquire the entire business and operations of Meraki.
The acquisition of Meraki complements and expands Cisco's strategy to offer more software-centric solutions to simplify network management, help customers empower mobile workforces, and generate new revenue opportunities for partners.
Meraki's cloud networking solutions will expand Cisco's network offerings by providing scalable solutions for midmarket businesses. The Meraki acquisition will also strengthen Cisco's Unified Access platform, which makes IT more responsive to business innovation by simplifying IT operations and unifying wired and wireless networks, policy and management into one integrated network infrastructure, unlike other competitive offerings.
The Meraki team will become Cisco's Cloud Networking Group. Under the terms of the agreement, Cisco paid approximately $1.2 billion in cash to acquire the entire business and operations of Meraki.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Magna Holdings makes unsolicited bid for 31% of Yatra Online
- General Fusion lists on Nasdaq via SPAC merger with $150M in cash
- Bunker Hill Mining to acquire Silver47 in all-share merger deal
Create E-mail Alert Related Categories
Corporate News, Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
