Cisco to acquire Meraki for $ 1.2 bn

Updated 20 November 2012
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Cisco to acquire Meraki for $ 1.2 bn

NEW YORK: American information technology firm Cisco said it will acquire Meraki Inc., a leader in cloud networking, in a deal worth $ 1.2 billion.
Based in San Francisco, Meraki was founded by researchers at the Massachusetts Institute of Technology. Cisco will pay about $ 1.2 billion in cash and retention-based incentives to acquire the entire business and operations of Meraki.
The deal announced Sunday on Cisco's website is expected to be completed in the second quarter of Cisco's fiscal 2013, subject to customary closing conditions including regulatory review.
Meraki offers small and medium sized companies networking solutions that can be centrally managed with cloud computing.
Cloud computing allows for the accessing, via Internet and at a distance, information stored on other computers.
This technology spares users from investing in costly computer data storage equipment.



“The acquisition of Meraki enables Cisco to make simple, secure, cloud managed networks available to our global customer base of mid-sized businesses and enterprises,” said Rob Soderbery, senior vice president of Cisco Enterprise Networking Group.
“These companies have the same IT needs as larger organizations, but without the resources to integrate complex IT solutions,” he added.
Meraki technology offers users Wi-Fi, switching, security and mobile device management centrally managed from the cloud.


The New York Times said this is the eighth takeover so far this year for Cisco, which is very active in mergers and acquisitions.
Prior to this, also in the area of cloud computing, it said last week it planned to buy Santa Clara, California-based Cloupia for $ 130 million.


Saudi Arabian Airlines displays new products

Updated 24 April 2018
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Saudi Arabian Airlines displays new products

Saudi Arabian Airlines (Saudia), the Kingdom’s national carrier, is participating in the Arabian Travel Market (ATM), taking place in Dubai this week. This year marks the 25th edition of the show. Saudia has participated consistently throughout the years.
The airline has rolled out many new products and onboard amenities this year, including a new Business Class Porsche Design Men’s kit and Furla Ladies kit, as well as new children’s characters and kits.
Saudia is debuting a new exhibition stand design (9 x 30.5 meters) along with many interactive features and products on display. These include all the latest seats on static display — First Suite (first class), Business Class, and the Guest Class (economy) seats.
Also on display is a “smart model” experience, which provides a 3D interactive tour through the new Jeddah King Abdul Aziz International Airport.
Saudia is currently in the midst of a rapid transformation, fleet and network expansion program.
The airline has achieved double-digit growth in international passenger traffic, flying to 89 destinations across four continents. Saudia is receiving on average, one new aircraft every 12 days. Currently at 147, by the end of 2020 the fleet is set to reach 200 aircraft.
“Saudia looks forward to welcoming its travel retail partners, media and hospitality guests at ATM. The airline’s stand is located at ME 4310,” the airline said in a press release.
Currently in its 73rd year of operations, the airline is a member of the International Air Transport Association (IATA) and the Arab Air Carriers Organization (AACO).
Saudia carried 30 million passengers in 2016, and was named the 2017 World’s Most Improved Airline by Skytrax, an independent global aviation industry monitor.
The airline has 11 codeshare partners including: Garuda Indonesia, China Southern Airlines, Air France, Royal Air Maroc, Alitalia, Korean Airlines, KLM, Middle East Airlines, Aeroflot, Air Europa and Oman Air.