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Cisco Systems to buy cloud computing company Meraki for $1.2 billion

from The Associated Press via The Washington Post

Cisco Systems Inc., the world's largest maker of computer networking gear, said it is buying Meraki for $1.2 billion to expand its ability to let customers compute in the cloud. Cloud computing refers to the increasingly popular practice of storing software applications in remote data centers that are accessed over the Internet instead of installing programs on individual machines. more

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