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.
Get your early bird tickets now!