10 Jun '11, 4pm

Mixed Greens: $17 Million for Joulex, GM Drops Volt Price and More

Joulex doesn't get as much publicity as some companies managing energy in data centers and buildings, but its reputation is growing in the industry. The company today landed a $17 million round from Sigma Ventures, Intel Capital and others. The company has developed software for monitoring the power delivered to different appliances in the typical office setting -- servers, PCs, lights, HVAC systems, etc. -- and controlling them to reduce overall power consumption. The chief difference lies in the speed at which Joulex's software can accomplish this. For client Equifax, the company managed to start monitoring the desktops of 6,000 employees in about 2.5 hours. The speed comes in part because the Joulex system doesn't require software agents for each desktop. "Less software is our biggest differentiator," CEO Tom Noonan told us last year. who added that the system is partly...

Full article: http://www.greentechmedia.com/articles/read/mixed-greens-...

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