Cisco Buys JouleX for $107 Million for Energy Management SaaS
May 29, 2013
Grazed from DataCenter Knowledge. Author: Jason Verge.
Cisco is acquiring JouleX, a provider of enterprise IT energy management for data center assets, for approximately $107 million. The acquisition enhances Cisco’s software-as-a-service offerings with energy management, fitting particularly well with Cisco EnergyWise. The acquisition is expected to be complete in the fourth quarter of this year.
Joulex developed an agentless system that detects devices on IP networks and tracks their power use. The combined solution will provide customers with a way to measure, monitor and manage energy usage for network and IT systems without the need for device side agents, hardware meters or network configurations. It uses capabilities of the network to gain visibility into and control of energy usage across global IT environments. JouleX previously raised $17 million back in 2011…
“JouleX’s technology will strengthen Cisco Services’ Smart Offerings and complements our evolving services strategy,” said Faiyaz Shahpurwala, senior vice president, Industry Solutions at Cisco. “It extends our ‘Internet of Things’ capabilities and is a good alignment to Cisco EnergyWise. 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.”…
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