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.


Hyundai hosts female Saudi drivers in Korea

Updated 24 June 2018
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Hyundai hosts female Saudi drivers in Korea

Three Saudi-based female influencers have visited Korea as part of Hyundai’s outreach to women drivers in the Kingdom, and as brand ambassadors for the carmaker.

The three women include entrepreneur and lifestyle influencer Bayan Linjawi; radio presenter, travel blogger, and fashion lover, Shadia Abdul Aziz; and business-owner and fashion career coach, Reem Faisal. 

During their tour of Korea they received detailed briefings about Hyundai and its products, and toured production, design and research facilities. 

The program gave them an understanding of the innovative and advanced thinking that underpins today’s Hyundai models, and also included opportunities to experience Korean culture and heritage.

“This is an exciting moment for women and for motoring in Saudi Arabia, and Hyundai is committed to playing an active part in this historic change,” said Hyundai’s Head of Operations for Africa and the Middle East, Mike Song. “Hyundai’s models will appeal strongly to women from all walks of life, from younger more style-conscious drivers, to those who value practicality and quality. Our brand ambassadors are part of our strategy to highlight those qualities to women as they take their place behind the steering wheel.”

Hyundai has identified design and safety as key buying factors for female drivers in Saudi Arabia, and offers these attributes in a variety of segments, including sedans and SUVs. It has identified established names including the Azera, Sonata and Tucson as key products to promote, as well as the new Kona premium compact SUV.

The brand ambassadors will use a selection of these Hyundai models as they join the first ranks of Saudi female drivers, and will share their experiences with fans and followers. 

Included in their roles will be being part of digital commercials, social media postings, and event appearances under the umbrella of Hyundai’s Saudi campaign #whatsnext.