Meraki (may-rah-kee) is a Greek word that means doing something with passion and soul. This is the core principle behind the networking corporation formed in 2006 by MIT PhD students Sanjit Biswas, John Bicket and Hans Robertson. Meraki was recently purchased by Cisco for around $1.2 billion in cash. The company initially focused its attention on consumers and building municipal Wi-Fi networks, including one in San Francisco. When that proved to be a false start, Meraki shifted gears and started focusing on hotels in emerging markets, apartment complexes and eventually on the corporate market.