Cisco acquires power usage management technology

05/30/2013 | Bloomberg · eWeek

Network gear company Cisco said it is purchasing Joulex, a power usage software technology, for $107 million. The acquisition, according to company leaders, is part of Cisco's effort to expand its product base beyond network hardware. "They want to lessen their reliance on things that they can sell just one time, like hardware, and things where margins are going down, like hardware," said Michael Genovese, an analyst at MKM Partners.

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Bloomberg · eWeek

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