Late Sunday Cisco said it’s going to buys Meraki, a privately held cloud
networking start-up, for $1.2 billion in cash and retention-based incentives.
Seems social media upset the announcement plans, which were set for
Monday morning, when there’ll still be a conference call.
The acquisition is supposed to accelerate Cisco’s evolution toward software-
defined networking and expand its cloud-based network offerings to new
markets.