Cisco Systems, Inc. (CSCO) Acquires Energy Management Company JouleX For $107 Million

Posted May 29, 2013

Cisco Systems, Inc. (NASDAQ:CSCO) has made an agreement to acquire energy management software company JouleX for $107 million in cash and retention-based incentives.  Based in Atlanta, Georgia, JouleX offers energy management products for companies, enterprise networks, and data centers.

JouleX can monitor and analyze the power consumption of network-connected devices including PCs, servers, printers, and data center systems.  The acquisition is a way for Cisco to measure and manage energy usage remotely on corporate networks without having to use hardware meters.  JouleX is able to cut up to around 40% of a corporation’s IT power consumption.

In terms of funding, JouleX raised over $17 million from firms like Sigma Partners and Flybridge Capital Partners.  The acquisition is expected to be completed in Q4 2013.