Cisco Acquires Enterprise Wi-Fi Startup Meraki For $1.2 Billion In Cash


greatest ….

TechCrunch

Networking tech giant Cisco has just agreed to acquire cloud infrastructure startup Meraki, and my industry sources confirm the purchase price was $1.2 billion, all in cash. I’ve also gotten ahold of the letter to Meraki employees from CEO Sanjit Biswas. It’s a huge win for the 330-employee San Francisco startup. [Update: The PR just hit the wire, confirming our details on the acquisition and $1.2 billion price.]

Blogger Greg Ferro first mentioned a rumor about Cisco and Meraki early this morning, speculating they might announce a deal later this week. However, TechCrunch can confirm the purchase and the price tag.

For those unfamiliar, Meraki began as a research project at MIT in 2006. It provides mid to large-size companies, schools, and organizations with on-premise mesh Wi-Fi networking and security devices plus the software to manage them. The tech makes it easy and affordable to run a…

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M:Metrics Co-Founder Will Hodgman Joins KISSmetrics As CEO


cool….

TechCrunch

Analytics company KISSmetrics has hired a new CEO — Will Hodgman (pictured), who co-founded mobile analytics data startup M:Metrics.

Hodgman and Hiten Shah, the company’s co-founder and previous CEO, met with me last week to explain the move. Hodgman is leaving an executive vice president role at comScore, which acquired M:Metrics in 2008. Since then he’s been building out the company’s presence in Asia. (His M:Metrics co-founder Seamus McAteer recently launched a mobile ad startup called Metaresolver.) He joined the KISSmetrics board in 2010, presumably due to his experience in the analytics field.

It’s time for the company to “transition R&D and product focus to a sales focus,” Hodgman said — even within the past few months, KISSmetrics has been growing dramatically, and it now has 1,300 paying customers, including some large companies in the Fortune 500 and 100. And while it faces plenty of competition, Hodgman argued that KISSmetrics is…

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