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Cisco Munches Meraki

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Photo: Adriano Castelli / Shutterstock.com Photo: Adriano Castelli / Shutterstock.com

So much for Meraki’s rumored IPO. Late Sunday afternoon Cisco acquired the cloud-managed network infrastructure outfit for $1.2 billion cash.

In a statement announcing the deal, the networking giant said it plans to use Meraki’s technology to “cloudify” its network management products. With that in mind, Cisco will turn the company into a new Cloud Networking Group.

Below, Meraki CEO Sanjit Biswas’ memo to employees announcing the acquisition.

Hi everyone,

As some of you may have heard through Twitter or Google Alerts, there is a rumor out that Cisco intends to acquire Meraki. Our original plan had been to break the news to everyone tomorrow before it was officially announced, but it looks like social media beat us to it!

Given this is a big deal, both literally and figuratively, I wanted to take a few minutes to provide some more context about the upcoming announcement. I’d rather have done this in person at tomorrow’s event, but I think it’s important that everyone at Meraki is in the loop.

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