The acquisition is expected to be complete in the fourth quarter of 2013 and is subject to customary closing conditions. 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.
The company’s energy management solution, together with Cisco EnergyWise™, will provide customers with tools to measure, monitor and manage energy usage for network and IT systems across the enterprise, without the use of device-side agents, hardware meters or network configurations.
Founded in 2009 in Munich and led by Tom Noonan, president and CEO, JouleX currently has research and development operations in Kassel, Germany and offices in Tokyo, Shanghai, Paris, France, and throughout the United States.
10/06/2011: JouleX Raises $17M