NEWS & VIEWS

Global private equity and venture capital news and research

Sequoia, DAG, Google secure $1.2bn Meraki exit to Cisco

20 Nov 2012

Venture capital-backed cloud networking company Meraki has been snapped up by Cisco in a $1.2bn deal.

The company, which boasts investors including Sequoia Capital, DAG Ventures and Google, offers onsite networking for Wi-Fi, switching, security and mobile devices that can be centrally managed through the cloud.

Cisco’s acquisition is expected to close in the second quarter of fiscal year 2013, subject to customary closing conditions including regulatory review.

Sequoia first partnered with Meraki in 2006, the year the company was founded.

San Francisco-based Meraki’s board currently includes Sequoia Capital’s Douglas Leone and DAG’s Nicholas Pianim.

Copyright © 2012 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014