(The Hosting News) – Cisco continued its acquisition of other companies to beef up its services division when on Sunday it announced the purchase of cloud networking provider Meraki.
The transaction comes for a cash sum of $1.2 billion, giving Cisco access to Maraki’s key solutions including those related wireless LAN, security appliances, access switches, cloud networking and mobile device management.
In a press release, Rob Soderbery, a Senior VP at Cisco emphasized the new capabilities the buy meant for his company.
“The acquisition of Meraki enables Cisco to make simple, secure, cloud managed networks available to our global customer base of mid-sized businesses and enterprises. These companies have the same IT needs as larger organizations, but without the resources to integrate complex IT solutions,” Soderbery stated.
Soderbery also went on to note that the company’s offering was “built from the ground up optimized for cloud, with tremendous scale, and is already in use by thousands of customers to manage hundreds of thousands of devices.”
Cisco says it expects the acquisition to close during the second quarter of 2013. The provider, highly noted for its Linksys subsidiary of routers, already offers cloud-based solutions in the form of data center applications, virtualization and integrated systems.
The move follows a previous acquisition announced earlier last week in which Cisco said it would buy cloud automation provider Cloupia for $125 million.