Tuesday, 14 June 2011

Joulex raises $17m for global expansion

Joulex IT energy management company Joulex has raised $17m from a group of investors to expand its development and sales footprint into growth markets around the world.

Joulex provides enterprise energy management systems for data centres and distributed office environments. The company’s solution is JouleX Energy Manager (JEM), which can monitor and manage energy usage for all network-connected devices. The product’s main claim to fame is that it is agentless, i.e. it doesn’t need software to be installed on all managed devices, which makes it easier to implement. Joulex claims to be the only company to offer an agentless solution for complete enterprise energy management.

The money was raised from new investors Sigma Partners, Flybridge Capital Partners and Intel Capital, in addition to existing investors Target Partners and TechOperators. JouleX has around 100 customers in North America and Europe and recently announced the opening of a new office in Tokyo. 


There are a lot of companies pushing for business in the energy/emissions management software market, but Joulex seems to be catching a lot of the limelight.

It’s not the only company to have agentless software - I suspect the company’s success is more to do with being able to offer the solution across the enterprise. A one-stop shop has an advantage in a fragmented market. It will come up against a lot of established infrastructure companies who already have a presence in the data centre and have realised the importance of energy management, but then Cisco and Intel, among others, are partners.

Data centre energy management is a green ICT market that is likely to see some significant development in the coming years, and the Open Data Center Alliance may have some influence. The organisation has come up with eight usage models one of which encompass carbon footprint values and expectations for cloud services. More on that after I’ve talked to them at the end of the week.

© The Green IT Review

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