• Is Cell C sustainable?

    Is the mobile operator another African Bank in the making, asks Gugu Lourie.

  • Alliances that work

    Mutually adding value secures the employer-employee relationship, says Ian Mann.

  • Without prejudice

    We all need to fight the ugly bigotry that’s made news recently, says Mandi Smallhorne.

Loading...
See More

Cisco in $1.2bn cloud deal

Nov 19 2012 11:27

Related Articles

Cisco braces for historic layoffs

MWEB Business extends its cloud offering

Apple's iCloud on the horizon

Micromega earnings up 87%

Dell acquires cloud computing company

Cisco seeks to acquire Skype - report

 
New York - American information technology firm Cisco said it will acquire Meraki, a leader in cloud networking, in a deal worth $1.2bn.

Based in San Francisco, Meraki was founded by researchers at the Massachusetts Institute of Technology.

Cisco will pay about $1.2bn 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.
cisco  |  acquisitions

NEXT ON FIN24X

 

Latest Articles

Invest for Income Read More...
15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
Which generator is right for you? Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...