Cisco buys cloud network company Meraki for sky-high amount of $1.2B November 18, 2012 4:40 PM Rebecca Grant Rebecca Grant Twitter Facebook Profile Recent Stories: FindTheCompany releases data on 30M businesses to clue in consumers Dish jilts Sprint to focus attention on Clearwire in a sordid saga of spectrum Darby Smart launches crafting kit service to prevent DIY disasters Cisco just announced its intent to buy wi-fi startup Meraki Inc. for $1.2 billion.