Networking equipment maker Cisco has completed its acquisition of JouleX, an energy management solutions provider, for US$107m in cash and retention-based incentives.
Under the deal, 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 metres or network configurations, Cisco said.
JouleX’s software is designed to help cut energy costs by monitoring, analysing and managing the energy usage of all network-connected devices and systems through a set of policies derived through analytics tailored for an enterprise’s needs.
JouleX employees will now be integrated into the Connected Energy Solutions team within Cisco’s Industry Solutions Group.
