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

Posted by: UGN Security

[Reuters] Cisco to buy cloud-networking start-up Meraki for $1.2 billion - 11/18/12 08:05 PM

(Reuters) - 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.