Cisco targets small to mid-market with cloud networking acquisition
Cisco plans to boost its cloud networking capabilities with the acquisition of the San Francisco-based firm Meraki for $1.2bn.
The cash deal, expected to close in the second quarter of Cisco’s fiscal year 2013, gives Cisco access to a host of wireless networking tools and, perhaps more importantly, a route into the rapidly growing small to mid-sized market that Cisco has so far struggled to grab a share of.
Meraki, a Google-backed company founded in 2006, employs around 330 people. It provides Wi-Fi,...