Starbucks posted fiscal first quarter earnings after the bell on Thursday, showing that it continues to grow in China and has expanded its channel development group, indicating strong sales of K-cups and its own Verismo single-cup brewers.

FORBES: Starbucks Grows On K-cup Strength And China Expansion, U.S. And Asia Margins Fall

Meraki combines a high-velocity software development methodology with a tightly linked inside sales and channel model that will form the new Cloud Networking Group.

FORBES: Cisco To Buy Cloud Networking Play Meraki For $1.2B