Cisco Systems to buy Meraki for $1.2 billion

Cisco Systems Inc., the world’s largest maker of computer networking gear, said Sunday it is buying Meraki for $1.2 billion to expand its ability to let customers compute in the cloud.

Cisco Systems Inc., the world’s largest maker of computer networking gear, said Sunday it is buying Meraki for $1.2 billion to expand its ability to let customers compute in the cloud.