Networking equipment maker Cisco has revealed its plans to acquire 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 helps 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.
Cisco’s acquisition of JouleX is expected to close in the fourth quarter of fiscal year 2013, subject to customary closing conditions.
JouleX’s headquarters are in Atlanta, Georgia.