Cisco has now completed the acquisition of JouleX: stakes and opportunities.
to gain visibility into and control energy usage across global IT environments.
This means, JouleX's energy management solution, together with Cisco EnergyWise™, will provide customers with a simple way to measure, monitor and manage energy usage for network and IT systems across the enterprise.
For those who unfamiliar, JouleX's software helps to reduce energy costs by monitoring, analyzing and managing energy usage of all network-connected devices and systems through a set of policies derived through analytics tailored for an enterprise's needs.
According to the terms of the agreement, JouleX employees will be integrated into the Connected Energy Solutions team within Cisco's Industry Solutions Group, Cisco will pay approximately $107 million in cash and retention-based incentives in exchange for all shares of JouleX.
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