Cisco has announced plans to acquire JouleX, specialist in enterprise IT energy management for network-attached and data centre assets. JouleX provides software for networked devices for enterprise and data centre energy management, analytics, policy governance and compliance. 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. Upon completion of the acquisition, JouleX employees will be integrated into the Connected Energy Solutions team within Cisco's Industry Solutions Group, reporting to David Goddard, vice president and general manager. Under the terms of the agreement, Cisco will pay around USD 107 million in cash and retention-based incentives in exchange for all shares of JouleX. The acquisition of JouleX is expected to close in Q1 of FY 2013, subject to customary closing conditions.
