Updated Nov. 19, 2012 at 7:59 a.m.

Premium Lock Cisco buys privately held 'cloud' firm for $1.2 billion

Published: 2012-11-18 20:26:00
Updated: 2012-11-19 07:59:55

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Cisco Systems, the world's largest maker of computer networking gear, said Sunday it is buying Meraki for $1.2 billion to expand its ability to let customers compute in the cloud....

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Cisco anticipates the purchase would close in the second quarter of its 2013 fiscal year, subject to customary closing conditions, including regulatory review. Thank and Regards Cygnis Media
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