• Matchmaker businesses

    Multisided platforms can create huge value for society and fortunes for entrepreneurs, says Ian Mann.

  • Future imperfect

    A lack of compassion with ordinary people is crucial to SA’s failures, says Mandi Smallhorne.

  • Will Gordhan be fired?

    An economist ponders the top question concerning those who control international capital flows.

All data is delayed
See More

Cisco in $1.2bn cloud deal

Nov 19 2012 11:27
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



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
Comments have been closed for this article.

Company Snapshot

Money Clinic

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

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote