Credit:
The acquisition is subject to regulatory approval and is expected to close in the second quarter of Cisco's 2013 fiscal year.
"When compared to other opportunities, Meraki built a unique cloud-based business from the ground up that addresses the broader networking shift towards cloud, not just within wireless. Meraki created a massively scalable architecture that offers easy to deploy, secure, and manage networks," wrote Cisco in a blog post announcing the acquisition.