Cisco Systems, Inc. (CSCO) Financial News - Cisco Exits Energy-Management Software Market
Cisco Systems, Inc. (CSCO)
Cisco Exits Energy-Management Software Market
Keywords: Green Tech,Energy,Business,Tech,Cisco Systems,Efficient energy use,Electric power,Electrical grid,Energy management software,Environment,Google,Google PowerMeter,Hohm,Microsoft,Smart grid,United States,Wall StreetQuote: Ciscobuilding energy management business. PowerMeterHohm similarly went the way of the stagecoach. The news was obscured by the more heavily publicized slings and arrows suffered Cisco encountered during recent months.Despite these problems, Cisco’s stock price has recovered much of the ground it had previously lost as the company’s performance continues to beat expectations. Cisco carved out a small corner in the equally small market for energy-management software and services after acquiring Arch Rock last year, which provided the catalyst for Cisco’s Network Building Mediator and Mediator Manager products. These energy-management products were designed to leverage Cisco’s prowess in the dark arts of networking to deliver enhanced tools for controlling the heating, cooling and other base-building power systems used to operate commercial buildings. blog post: Over the past two years the home and building energy management markets have evolved in such a way that we believe we can provide more value to our customers and the industry by enabling interoperability through our core networking products and solutions (for example, EnergyWise) as part of our integrated architecture within the broader smart grid effort. IDC Energy Insights,Â attributed Cisco’s exit from energy-management software to the following factors:Related Posts: ...
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