New Cisco Acquisition Builds Intelligence, Reduces Carbon Emissions
Cisco Systems has completed its purchase of Richards-Zeta Building Intelligence, a privately held company that creates intelligent middleware for transforming building operational data into an IT-friendly format. The newly acquired technology, which is designed to improve energy-consumption efficiency, will support Cisco solutions such as Cisco EnergyWise and Cisco Connected Real Estate.Cisco Systems' purchase of Richards-Zeta Building Intelligence plays into the company's "build, buy and partner" strategy for expanding rapidly into new markets and taking advantage of market transitions. Cisco and Richards-Zeta completed the deal Jan. 27. The enterprise networking giant did not disclose the financial details of its latest acquisition.
As a scalable and open platform, Richards-Zeta's middleware can integrate both building infrastructure systems and IT applications onto a common IP network, in turn leading to efficiencies in energy-consumption management, a reduction in a facility's carbon footprint and the accompanying cost savings.