JouleX Gets Acquired by Cisco for $107 Million
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Sometimes, lightning really does strike twice in the same spot.
JouleX was founded by Tom Noonan in 2010 after his successful exit from Internet Security System (ISS). ISS was sold to IBM for $1.3 billion in 2006. On Wednesday, Noonan's JouleX was acquired by Cisco for $107 million.
JouleX builds power management technology for data centers and enterprises. From the company's inception, it has had a partnership with Cisco. Cisco's EnergyWise effort which got started in 2009 is all about making networking IT greener and more power efficient.