Cisco 1.2 billion dollar cash acquisition wireless network Cloud Management Enterprise Meraki

According to foreign media reports, Cisco officially announced a 1.2 billion dollar cash acquisition wireless network Cloud Management Enterprise Meraki. Cisco's official statement said the acquisition would complement and expand Cisco's strategy on Internet software solutions, simplifying network management, helping consumers improve their mobile office capabilities and create more profits.

Meraki is a research project conducted by MIT in 2006 to provide stable and secure WiFi wireless network equipment and software to large companies, schools and institutions to address the congestion of large devices when they are plugged in. With Meraki's equipment and technology, schools and companies can save money by setting up a bloated IT department, while providing reliable wireless access to increasingly mobile phones and tablet PCs. Through the cloud management software, can carry on the equipment, the application network access, the visitor mode and so on manages.

Cisco, Hilton Romanski, vice president of business development, said Cisco has been taking consumer demand as a guide to market trends. The acquisition of Meraki will increase Cisco's advantage and market share in the cloud network market. He also mentioned that Meraki has a huge profit potential.

"These three young men from MIT have changed the online industry," Sequoia Capital Venture said in its official blog. Do you remember when the last time you plugged in the Internet? If you don't remember, it should be Meraki's responsibility, which is one of the reasons why Cisco buys Meraki. ”

Cisco had already communicated with Meraki before the acquisition, but it was shelved as Meraki prepared to go public. It was later that Meraki's valuation was too low to give up the listing, which helped Cisco acquire Meraki.

After the acquisition, Meraki will continue to provide after-sales service to the former customers, consumers can still get product updates. Cisco will use Meraki technology to expand the market position of other large-scale enterprises. After Cisco delivers cash, 330 Meraki employees will receive $3.6 million trillion in subsidies each.

(Responsible editor: The good of the Legacy)