Cisco agreed to acquire JouleX, a start-up specializing in enterprise IT energy management for network-attached and data center assets, for approximately $107 million in cash and retention-based incentives.
JouleX, which is based in Atlanta, Georgia, develops software that 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. The company was founded in Munich and currently has research and development operations in Kassel, Germany.
Cisco said JouleX complements its existing services portfolio by using the capabilities of the network to gain visibility into and control energy usage across global IT environments. Specifically, 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 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.”
