During Cisco's conference call on the recent Meraki acquisition [$1.2B, here], the following answer was given by Robert Soderbery (pictured), SVP and GM, Enterprise Networking Group, Cisco:
[question is ".. about the kinds of the outside of security.. other things that they’re doing in layer 4-7 that are interesting and innovated for that midmarket sort of customers"].
"So from L[ayer] four to seven perspective today Meraki offers land acceleration, they offer security and they offer application visibility and control. Increasingly clients are seeing that they need more control over their applications to the granular level in important force policies in areas like BYOD and enforce them with optimization whether to be on the wireless links or the RAN links. Underpinning Meraki’s architecture is a deep packet capability on L[ayer] four to seven allowing them to implement these services on top of their architecture. Additionally, we believe the Meraki platform is a very extensible platform and well architected platform and will be able to continue to offer new services and capabilities, again all focused at this midmarket opportunity".
See also - "DPI/QoS Announcements: Meraki's Traffic Shaper" - here.
See "Cisco Systems' Management Discusses Intent to Acquire Meraki Conference (Transcript)", by SeekingAlpha, here.