Cisco Acquires Enterprise Wi-Fi Startup Meraki For $1.2 Billion In Cash

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http://techcrunch.com – Networking tech giant Cisco has just agreed to acquire cloud infrastructure startup Meraki, and my industry sources confirm the purchase price was $1.2 billion, all in cash. I’ve also gotten ahold of the letter to Meraki employees from CEO Sanjit Biswas. It’s a huge win for the 330-employee San Francisco startup. [Update: The PR just hit the wire, confirming our details on the acquisition and $1.2 billion price.] Blogger Greg Ferro first mentioned a rumor about Cisco and Meraki early this morning, speculating they might announce a deal later this week. However, TechCrunch can con (IT news)