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Cisco to acquire JouleX for $107 mn

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Deepa
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BANGALORE, INDIA: Cisco announced its intent to acquire privately held JouleX, a provider of enterprise IT energy management for network-attached and data center assets, for $107 million.

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The acquisition of JouleX is expected to be complete in the fourth quarter of fiscal year 2013, subject to customary closing conditions.

JouleX, with headquarters in Atlanta, GA, 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, says a release.

JouleX's energy management solution, together with Cisco EnergyWise, will provide customers with a 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, adds the release.

"JouleX's technology will strengthen Cisco Services' Smart Offerings and complements our evolving services strategy. It extends our ‘Internet of Things' capabilities and is a good alignment to Cisco EnergyWise," said Faiyaz Shahpurwala, senior vice president, Industry Solutions. "With network-enabled devices increasing exponentially, our partners and customers are asking for this solution today to operationalize their energy management capabilities in the network and reduce cost. JouleX's cloud-enabled, agent-less architecture will allow our partners and customers to quickly deploy this solution at scale in addressing their IT energy management needs."

JouleX was founded in Munich and currently has research and development operations in Kassel, Germany. Upon completion of the acquisition, 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.

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