After pursuing Meraki for several weeks, Cisco Systems‘ efforts finally bore fruit as the world’s leading computer-networking equipment maker was able to acquire the cloud network company of their eye for $1.2 billion cash. The company made the announcement through a blog post.
In this post, Cisco shared the following statement after declaring the acquisition, “When compared to other opportunities, Meraki built a unique cloud-based business from the ground up that addresses the broader networking shift towards cloud, not just within wireless. Meraki created a massively scalable architecture that offers easy to deploy, secure, and manage networks”.
The “scalable architecture” of Meraki will now help Cisco make the most of the rising demand for tablets and smartphones. Moreover, this deal was intended to boost the overall customer base, as Cisco claims that Meraki has 20,000 customers and “hundreds of thousands” of network devices that will really help this computer-networking equipment maker spread its wings.
On the other hand, in an effort to beat its competitors like Juniper Networks and Hewlett-Packard (HP), Cisco has already slashed its expenses, shutdown divisions that were underperforming and cut the prices of its products as the company prepares to face upcoming challenges.
Cisco will now also take advantage of Meraki’s offices in London, Mexico and New York to sell its equipment worldwide, as now its presence can be felt in more countries.
Meraki was formed by Massachusetts Institute of Technology’s (MIT) doctoral candidates back in 2006 and Sequoia Capital, Venture Capital firm along with Google were the financial supporters of this company.
Source: Mashable, Times of Oman
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