Cisco Systems (CSCO) says it intends to buy enterprise Wi-Fi equipment startup Meraki for $1.2B...

|About: Cisco Systems, Inc. (CSCO)|By:, SA News Editor

Cisco Systems (CSCO) says it intends to buy enterprise Wi-Fi equipment startup Meraki for $1.2B in cash and retention incentives, and to make it into its Cloud Networking Group. The deal's expected to close in Q2 of Cisco's fiscal 2013 (which ends in January).