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IoT: Article

Cisco Buying JouleX for Cloud-Based Energy Software

Cisco was attracted by the fact that JouleX uses the network for visibility and control

Cisco is spending $107 million in cash and retention incentives to buy JouleX, whose cloud-based software is supposed to help companies reduce energy costs.

It monitors, analyzes and manages the energy use of all network-connected devices and systems through a set of policies derived through analytics tailored to the enterprise.

The widgetry, which provides policy governance and compliance as well, works across global IT environments.

The company was started in Munich in 2009 and is now based in Atlanta with R&D in Kassel, Germany. It's gotten at least $17 million in venture funding from such companies as Intel Capital.

Cisco was attracted by the fact that JouleX uses the network for visibility and control and doesn't need device-side agents, hardware meters or network configurations to work.

It will mate the stuff with its own EnergyWise product line, saying it extends its own "Internet of Things" capabilities as data traffic explodes because of mobile mania.

When the deal clears, probably before the end of July, JouleX employees will be integrated into the Connected Energy Solutions team within Cisco's Industry Solutions Group, reporting to general manager David Goddard.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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