Cisco has agreed to buy enterprise information technology energy management firm JouleX for $107 million in cash and share retention incentives as Cisco aims to grow its energy management offerings for integrated networks.
The deal is expected to close in fiscal year 2013’s fourth quarter and JouleX’s employees will move to the connected energy solutions team led by David Goddard, Cisco’s vice president and general manager for industry solutions, Cisco said Wednesday.
JouleX, based in Atlanta, provides software to businesses and data centers to manage and analyze energy use across their IT infrastructure and comply with related policies.
“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,” said Faiyaz Shahpurwala, Cisco senior vice president for industry solutions.
According to Cisco, the acquisition will combine JouleX’s energy management system with Cisco’s EnergyWise with the goal of eliminating the need for agents, meters and configurations to control and regulate network energy consumption.