Arab Today, arab today cisco to acquire meraki for 12 billion
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Cisco to acquire Meraki for $1.2 billion

Arab Today, arab today

Arab Today, arab today Cisco to acquire Meraki for $1.2 billion

New York - AFP

American information technology firm Cisco said it will acquire Meraki Inc., a leader in cloud networking, in a deal worth $1.2 billion. Based in San Francisco, Meraki was founded by researchers at the Massachusetts Institute of Technology. Cisco will pay about $1.2 billion in cash and retention-based incentives to acquire the entire business and operations of Meraki. The deal is expected to be completed in the second quarter of Cisco\'s fiscal 2013, subject to customary closing conditions including regulatory review.

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