Published May 30, 2013
Technology can see the possibilities in energy. Energy is another data point to manage across the spectrum of information. As businesses and organizations understand the role of energy, efficiency, management and resource optimization technological interfacing will offer unique opportunities to peer into the energy usage of a company and what are the costs to inefficiency. The news of “Cisco to acquire German energy-management platform JouleX for $107m” is a line of solutions to add to the offering of Cisco to bracket their energy configuration.
Venture Village reported the news of US technology firm Cisco will acquire “German-American energy-management platform JouleX for $107m to “extend its Internet of Things capabilities”.” The companies have been working together at least since 2011.
The investment in energy data is a good step business for tech companies. The ability to structure and capture data can reveal the next step strategies in energy efficiency. The work of audit and analyses combined with a high tech solution can build a bridge to sustainability. The data dive and avalanche is a looming threat to effectiveness. The ability to manage the data coming into any organization no matter its size is growing by leaps and bounds and will require a superman or superwoman to extrapolate.
The JouleX tech with Cisco can solve a problem or generate additional requirements for effective delivery and management.
“JouleX’s technology will strengthen Cisco Services’ Smart Offerings and compliments our evolving services strategy. It extends our ‘Internet of Things’ capabilities and is a good alignment to Cisco EnergyWise,” Cisco Industry Solutions senior VP Faiyaz Shahpurwala said in a statement. He alluded to the massive rise in network and data load as connected and mobile devices take off.
JouleX, founded in Munich in 2009, headquartered in Atlanta with additional offices in the US plus Shanghai, Tokyo, Paris, Munich and Kassel, Germany (home to its R&D operations)makes software for companies to easily measure and control the energy use of all their network-connected devices, which it claims can cut energy costs by up to 30 per cent.”
The success of small companies growing large and ripe for acquisition is the possibility of losing the intelligence and innovation advantage that produced their competitive advantage that large footprint companies are accustomed to seizing. The better merger and acquisition (M&A) deals are acquiring the product and the genius behind the secret sauce to maintain that smooth sleek solution that made the deal worthy.
“The acquisition consist of “cash and retention-based incentives – is expected to close by the end of fiscal year 2013. JouleX’s team will then join Cisco’s Industry Solutions Group.”
- Cisco to acquire energy management player JouleX for US$107m (siliconrepublic.com)
- Cisco to acquire JouleX for $107 million (zdnet.com)
- Cisco to Acquire JouleX for $107 Million (dailyfinance.com)