Cisco Announces Intent to Acquire Meraki for $1.2 Billion
On November 18, 2012, San Jose, California-based Cisco announced its intention to acquire privately held, San Francisco-based Meraki, a leader in cloud networking. Under the terms of the agreement, Cisco will pay approximately $1.2 billion in cash and retention-based incentives to acquire Meraki's entire business and operations. Wilson Sonsini Goodrich & Rosati is representing Meraki in connection with the transaction. The firm has represented Meraki since its inception, with Steve Bochner and Rachel Proffitt serving as the lead relationship partners.
Meraki offers mid-market customers easy-to-deploy, on-premise networking solutions that can be centrally managed from the cloud. The acquisition, which is expected to close in the second quarter of Cisco's 2013 fiscal year, will enable Cisco to expand its network offerings by providing scalable solutions for mid-market businesses and strengthen its Unified Access platform.
The Wilson Sonsini Goodrich & Rosati team representing Meraki in the transaction includes corporate partners Steve Bochner, Michael Ringler, and Rachel Proffitt, and associates Alex Kingsley, Christina Poulsen, Vincent Buehler, and Andrew Wilson; tax partner Ivan Humphreys and associate Brian Mikulencak; employee benefits and compensation partners John Aguirre and Scott McCall and associate Cisco Palao-Ricketts; employment and trade secrets associates Robert Depew and Allison Crow; antitrust partner Scott Sher and associates Paul Jin and Creighton Macy; and intellectual property partner Parag Gheewala and associates Matt Staples and Manja Sachet. Corporate counsel Sean Butler led the in-house legal team for Meraki in connection with the matter.
For more information, please see Cisco's press release.