Cisco Completes Acquisition of JouleX
SAN JOSE, CA(Marketwired - Jul 1, 2013) - Cisco (NASDAQ: CSCO) today announced it has completed the acquisition of privately held JouleX, a leader in enterprise IT energy management for network-attached and data center assets. JouleX complements Cisco's existing services portfolio by using the capabilities of the network to gain visibility into and control energy usage across global IT environments.
JouleX's energy management solution, together with Cisco EnergyWise, will provide customers with a simple way to measure, monitor and manage energy usage for network and IT systems across the enterprise, without the use of device-side agents, hardware meters or network configurations. JouleX's software helps to reduce energy costs by monitoring, analyzing and managing energy usage of all network-connected devices and systems through a set of policies derived through analytics tailored for an enterprise's needs.
JouleX employees will be integrated into the Connected Energy Solutions team within Cisco's Industry Solutions Group, reporting to David Goddard, vice president and general manager. Under the terms of the agreement, Cisco will pay approximately $107 million in cash and retention-based incentives in exchange for all shares of JouleX.
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