04 JUN

Cisco announces its intention to acquire Joulex

Published by Richard Parry on 4th Jun 2013

Cisco recently announced its intention to acquire privately held start-up JouleX for $107 Million (Around £69 million pounds). The deal is due to be completed and officially close during the last few months of 2013.
JouleX was founded by Tom Noonan in 2010 after his successful exit from Internet Security systems (ISS) a company sold to IBM for $1.3 million in 2006.

Joulex build power management technology for data centres and enterprises. From the inception of the company it has been partnered with Cisco who’s EnergyWise Effort was started in 2009 with the aim to make networking greener and more energy efficient.

‘with network-enabled devices increasing exponentially, our partners and customers are asking for this solution today to operationalize their energy management capabilities in the network and reduce costs’ Faiyaz Shahpurwala, Cisco’s senior vice president for industry solutions said in a recent statement. ‘’JouleX’s cloud enabled, agentless architecture will allow our partners and customers to quickly deploy this solution at scale in addressing their IT energy management needs’’

Once the deal has been completed the plan is for JouleX employees to become part of the Connected Energy Solutions team within Cisco’s industry solutions group which is currently lead by VP and GM David Goddard however it is not yet clear how long JouleX CEO and founder Tom Noonan will stick with the company under Cisco’s leadership. In a 2010 internet Noonan explained why he left ISS after the IBM acquisition to found Joulex. With the IBM ISS deal, Noonan noted at the time that his commitment was to stay with the company until it was integrated which took approximately 18 months.

Cisco announces its intention to acquire Joulex

Would you like to know more about this article and how Server Case UK can help your organisation? Please complete the form below and one of our team will get back to you right away.


Weekly Updates

We update our News every week with new content. Please subscribe to our news feed for information about press, corporate updates and what's happening at Server Case UK.

Recent Posts

NVIDIA Quadro RTX 4000 Is Here!
NVIDIA Quadro RTX 4000 Is Here!
Published by Andrew McLean on 11th Dec 2018
Server Case UK attains NVIDIA Preferred Partner status.
Server Case UK attains NVIDIA Preferred Partner status.
Published by Andrew McLean on 26th Oct 2018
Server Case UK Nominated for Burton Mail Small Business of the Year Award
Inside our builds
Inside our builds
Published by Andrew McLean on 28th Jun 2018



Call us today on 01283 576162 to talk directly to one of our server specialists

  • Secured by Sage Pay
  • PayPal