Networking giant Cisco Systems has completed its buy of San Francisco-based Meraki Inc. Meraki offers midmarket customers on-premise networking solutions that can be centrally managed from the cloud.
Cisco says this buy complements and expands its strategy to offer more software-centric solutions to simplify network management, help customers empower mobile workforces, and generate new revenue opportunities for partners.
Not only will the purchase help Cisco expand its offerings, it's also expected to strengthen the company's Unified Access platform, which makes IT more responsive to business innovation by simplifying IT operations and unifying wired and wireless networks, policy and management into one integrated network infrastructure, unlike other competitive offerings.
The Meraki team will become Cisco's Cloud Networking Group. Cisco paid approximately $1.2 billion in cash for the company.
Follow editor Craig Galbraith on Twitter @Craig_Galbraith .