Cisco Completes Acquisition of Meraki

Cisco Completes Acquisition of Meraki 
SAN JOSE, CA -- (Marketwire) -- 12/20/12 --  Cisco (NASDAQ: CSCO)
today announced it has completed the acquisition of Meraki, Inc., a
leader in cloud networking. Meraki offers midmarket customers
easy-to-deploy on-premise networking solutions that can be centrally
managed from the cloud.  
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 unifying wired a
nd wireless networks,
policy and management into one integrated network infrastructure,
unlike other competitive offerings.  
The Meraki team will become Cisco's Cloud Networking Group. Under the
terms of the agreement, Cisco paid approximately $1.2 billion in cash
to acquire the entire business and operations of Meraki. 
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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. These statements include, among others, statements regarding
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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