Cisco Announces Intent to Acquire Meraki

Cisco Announces Intent to Acquire Meraki 
Acquisition Accelerates Cisco's Evolution Toward Software-Centric
Solutions; Expands Cloud-Based Network Offerings to New Markets 
SAN JOSE, CA -- (Marketwire) -- 11/18/12 --  Cisco (NASDAQ: CSCO)
today announced its intent to acquire privately held Meraki Inc., a
leader in cloud networking. Headquartered in San Francisco, Calif.,
with offices in New York, London and Mexico, Meraki offers midmarket
customers easy-to-deploy on-premise networking solutions that can be
centrally managed from the cloud.  
As the IT industry transforms in the mobile-cloud era, Cisco is
solving customers' networking and business enablement challenges by
delivering cloud networking and device and security services. The
acquisition of Meraki complements and expands Cisco's strategy to
offer more software-centric solutions to simplify network management,
help customers empower mobile workforces, and generate new revenue
opportunities for partners. 
Meraki's cloud networking solutions will expand Cisco's network
offerings by providing scalable solutions for midmarket businesses.
The Meraki acquisition will also strengthen Cisco's Unified Access
platform, which makes IT more responsive to business innovation by
simplifying IT operations and uniting wired and wireless networks,
policy and management into one integrated network infrastructure,
unlike other competitive offerings.  
"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," said Rob Soderbery, senior vice
president, Cisco Enterprise Networking Group. "Meraki's solution 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." 
Meraki technology offers customers Wi-Fi, switching, security and
mobile device management 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 Laborator
y for Computer
Science. Meraki combines a high-velocity software development
methodology with a tightly linked inside sales and channel model that
will form the 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.  
Investor and Media Events: 
Rob Soderbery, senior vice president of Cisco's Enterprise Networking
Group; Hilton Romanski, vice president of business development for
Cisco; and Sanjit Biswas, chief executive officer and co-founder of
Meraki will host a joint investor call on November 19 from 6:00-6:45
a.m. PST to discuss the proposed transaction.  
To participate in this call via Cisco Webex, go to
https://cisco.webex.com/cisco/onstage/g.php?d=209867958&t=a. To ask
questions during the call, you must access the meeting via this Webex
link. The event password is 209 867 958. The dial-in number is
+1.866.432.9903 (United States/Canada). International callers can
access country phone numbers at
http://cisco.com/en/US/about/doing_business/conferencing/index.html.
Follow the prompts to enter the Access Code (209 867 958) followed by
the # sign.  The replay also will be available via webcast from
Monday, November 19, 2012 on the Cisco Investor Relations website at
http://investor.cisco.com. 
Supporting Resources: 


 
--  For more information on how Cisco is delivering on unified wired and
    wireless convergence, please visit: Cisco Unified Access, Borderless
    Networks and Cisco Wireless Networking Group
    
    
--  Read the Borderless Networks blog and Mobility blog
    
    
--  Follow Cisco Enterprise and Cisco_Mobility on Twitter

  
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Tags/keywords: Cisco, Meraki, acquisition, Unified Access, mobility,
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Borderless Networks, access point, Aironet, Catalyst, video, service
provider, SP, switch, CleanAir, controller, Cisco Prime, Identity
Services Engine, Mobility Services Engine, ISE, MSE, 802.11ac 
About Cisco 
 Cisco (NASDAQ: CSCO) is the worldwide leader in
networking that transforms how people connect, communicate and
collaborate. Information about Cisco can be found at
http://www.cisco.com. For ongoing news, please go to
http://newsroom.cisco.com. 
Cisco and the Cisco logo are trademarks or registered trademarks of
Cisco and/or its affiliates in the U.S. and other countries. A
listing of Cisco's trademarks can be found at
www.cisco.com/go/trademarks. Third-party trademarks mentioned are the
property of their respective owners. The use of the word partner does
not imply a partnership relationship between Cisco and any other
company.  
Forward-Looking Statements 
This press release may be deemed to contain forward-looking
statements, which are subject to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, including the
expected completion of the acquisition and the time frame in which
this will occur, the expected benefits to Cisco, its product
platforms and its customers from completing the acquisition, plans
regarding Meraki personnel, and statements regarding our strategy to
accelerate the adoption of software-based business models, our value
proposition with customers, our competitive performance and new
market opportunities. Readers are cautioned that these
forward-looking statements are only predictions and may differ
materially from actual future events or results due to a variety of
factors, including, among other things, the potential impact on the
business of Meraki due to the uncertainty about the acquisition, the
retention of employees of Meraki and the ability of Cisco to
successfully integrate Meraki and to achieve expected benefits,
business and economic conditions and growth trends in the networking
industry, customer markets and various geographic regions, global
economic conditions and uncertainties in the geopolitical environment
and other risk factors set forth in Cisco's most recent reports on
Form 10-K and Form 10-Q. Any forward-looking statements in this
release are based on limited information currently available to
Cisco, which is subject to change, and Cisco will not necessarily
update the information. 
Cisco Press Contact:
Ben Stricker
Cisco
(408) 527-3199
bstricke@cisco.com 
Industry Analyst Contact:
Matt Barham
Cisco
(408) 566-7334
mbarham@cisco.com 
Investor Relations:
Carol Villazon
Cisco
(408) 527-6538
carolv@cisco.com 
 
 
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