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Cisco's Head Is In The Clouds

The tech giant is spending more than $1.2 billion in cash to buy cloud networking company Meraki. Cisco investors like the deal.Meraki Inc. is based in San Francisco and also has offices in New York, London and Mexico. The privately held company was founded in 2006 by members of MIT's Laboratory for Computer Science.

The tech giant is spending more than $1.2 billion in cash to buy cloud networking company Meraki. Cisco investors like the deal. Meraki Inc. is based in San Francisco and also has offices in New York, London and Mexico. The privately held company was founded in 2006 by members of MIT's Laboratory for Computer Science.

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