M&A Deal Summary

Cisco Systems Acquires Meraki

On December 20, 2012, Cisco Systems acquired information technology company Meraki from Northgate Capital for 1.2B USD

Acquisition Highlights
  • This is Cisco Systems’ 34th transaction in the Information Technology sector.
  • This is Cisco Systems’ 15th largest (disclosed) transaction.
  • This is Cisco Systems’ 142nd transaction in the United States.
  • This is Cisco Systems’ 85th transaction in California.

M&A Deal Summary

Date 2012-12-20
Target Meraki
Sector Information Technology
Buyer(s) Cisco Systems
Sellers(s) Northgate Capital
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) Wilson Sonsini Goodrich & Rosati (Legal)

Target

Meraki

San Francisco, California, United States
Meraki offers midmarket customers easy-to-deploy on-premise networking solutions that can be centrally managed from the cloud.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States

Category Company
Founded 1984
Sector Technology Hardware
Employees84,900
Revenue 57.0B USD (2023)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.


DEAL STATS #
Overall 161 of 223
Sector (Information Technology) 34 of 45
Type (Add-on Acquisition) 154 of 215
State (California) 85 of 112
Country (United States) 142 of 189
Year (2012) 10 of 10
Size (of disclosed) 15 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 Cariden Technologies

Mountain View, California, United States

Cariden Technologies is a supplier of network planning, design and traffic management solutions for telecommunications service providers.

Buy $141M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-24 The Linksys Group

Irvine, California, United States

Linksys is a provider of home networking equipment.

Sell -

Seller(S) 1

SELLER

Northgate Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 4.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northgate Capital is a private investment firm focused on venture and private equity investing. The Firm's venture group will consider opportunities globally looks to make direct investments in rapidly growing companies as well as invest in venture funds. Northgate's private equity group looks to provide provide equity and mezzanine capital to growth oriented small and middle-market companies operating in Mexico. Northgate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 7 of 18
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 2 of 8
State (California) 7 of 17
Country (United States) 7 of 18
Year (2012) 4 of 4
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-23 AOptix Technologies

Campbell, California, United States

AOptix is a provider of wireless communications and mobile network solutions, as well as the inventor of Composite Optical-RF (COR™) technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-13 Silver Spring Networks

Redwood City, California, United States

Silver Spring Networks, Inc. is a provider of networking platform, software and services that enable energy networks to perform brilliantly at enormous scale. Silver Spring Networks was founded in 2002 and is based in Redwood City, California.

Sell -