SENSEX NIFTY
Nov 19, 2012, 01.18 PM IST | Source: Reuters

Cisco to buy cloud-networking co Meraki for $1.2 bn

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.

Cisco to buy cloud-networking co Meraki for $1.2 bn

Networking equipment company Cisco Systems Inc said it will buy privately held cloud networking company Meraki for USD 1.2 billion in cash as part of its cloud and networking strategy.

Cisco said the acquisition of Meraki, which was founded by members of MIT's Laboratory for Computer Science, is expected to close in the second quarter of Cisco's 2013 fiscal year and is subject to regulatory approval.

READ MORE ON  Cisco , cloud networking, Meraki

ADS BY GOOGLE

video of the day

Neutral on India as good news discounted; like Voltas: HSBC

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.