Cisco will pay about $107 million in cash and retention-based incentives in exchange for all shares of privately-held JouleX, a firm involved in enterprise IT energy management.
Atlanta-based JouleX provides software for networked devices for enterprise and data center energy management, analytics, policy governance and compliance.
Cisco plans to combine JouleX’s energy management with Cisco’s EnergyWise for customers to measure, monitor and manage energy usage for network and IT systems across the enterprise. Cisco says JouleX’s technology will extend its ‘Internet of Things’ capabilities and its goals of delivering energy management that streamline data and workflow across a unified network.
In January, JouleX released Version 4.0 of its JEM energy manager platform, allowing customers to scale their energy management capabilities across their global enterprises and for JouleX partners to deliver new managed energy services from the cloud to their customers.
The acquisition of JouleX is expected to be complete in the fourth quarter of fiscal year 2013, subject to customary closing conditions.
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.