With more of us buying and using smartphones and tablets, Internet traffic is set to explode and Cisco wants to capture as much of the upside as it can get. For Cisco Systems (NASDAQ:CSCO), selling big-ticket gear won't be enough. Meraki, which Cisco acquired for $1.2 billion this week, could fill the gap with a suite of products for building and managing low cost Wi-Fi networks via the cloud.

See more in the following video with Fool contributor Tim Beyers.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Rackspace Hosting at the time of publication. Check out Tim's Web homeportfolio holdings, and Foolish writings, or connect with him on Google+Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

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