tech:

taffy

Cisco Acquires Meraki For $1.2B

[Techtaffy Newsdesk]

Cisco is acquiring privately held Meraki.  Meraki will form Cisco’s new Cloud Networking Group.

Under the terms of the agreement, Cisco will pay approximately $1.2 billion in cash and retention-based incentives to acquire the entire business and operations of Meraki. The acquisition is expected to close in the second quarter of Cisco’s fiscal year 2013, subject to customary closing conditions, including regulatory review.

Headquartered in San Francisco, Calif., with offices in New York, London and Mexico, Meraki offers midmarket customers  on-premise networking solutions that can be centrally managed from the cloud. Meraki solutions support BYOD, guest networking, application control, WAN optimization, application firewall and other advanced networking services.

Meraki was founded by members of MIT’s Laboratory for Computer Science. Investors in the company include Google Ventures, DAG Ventures and Sequoia Capital.

If you are a Meraki customer,  your license term remains unchanged, and the support, SLA, maintenance and feature updates continue to be included. You can find a FAQ about the acquisition at the Meraki website here.

[Image courtesy: Meraki/Facebook]

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.