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.

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