Cisco to acquire US cloud computing firm Meraki at $1. 2bn

Cisco, the world's largest producer of networking equipment, has opted for acquire the cloud computing organization Meraki for $1. 2bn (£750m).

Meraki offers services that assist firms to manage their networks creating an online business.

Cisco has been keen for you to expand in cloud computing, which allows users to store and manage data over the internet, as opposed to traditional computer hardware.

The sector is seen by many to be a future area of growth with regard to technology firms.

Meraki's services, targeted at mid-sized businesses, are used by in excess of 10, 000 companies.

"The acquisition of Meraki enables Cisco to create simple, secure, cloud managed networks offered to our global customer base associated with mid-sized businesses and enterprises, inches Rob Soderbery, senior vice us president, Cisco Enterprise Networking Group said in a very statement.

"Meraki's solution was built on the ground up optimized for cloud, with tremendous scale, and is already in use by a large number of customers to manage thousands of devices, " he extra.

This is the second obtain that Cisco has announced before few days.

Last week, it agreed a $125m deal to get Cloupia, a firm that specialises within data centre management.