Cisco to Buy JouleX for $107 Mln Adding Energy Software
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Cisco Systems Inc., the biggest maker of networking equipment, agreed to acquire JouleX for $107 million, gaining software that helps companies manage power usage as mobile devices spur a surge in data traffic.
The transaction, which includes cash and retention-based incentives, is expected to close in the fiscal fourth quarter, San Jose, California-based Cisco said today in a statement.