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silver spring networks inc (9SI) Snapshot

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01/16/14 - €17.29
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10/14/14 - €6.18
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silver spring networks inc (9SI) Details

Silver Spring Networks, Inc. provides networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid. The company’s networking platform provides two-way communication between the utility back office and devices on the power grid. Its networking platform consists of hardware, such as access points and relays, as well as UtilOS, a network operating software, and GridScape management and security software. The company’s analytic platform enables its customers to use the data generated by devices on the network to provide insights for decision making. It also offers various solutions, including advanced metering solution, which provides utilities with two-way communication, enabling utilities to perform functions, such as reading meter usage, capturing time-of-use consumption data, connecting and disconnecting service, and detecting power outages; distribution automation solution that provides two-way communication from distribution devices along the power grid to the back office or substations, providing utilities with real-time information for grid monitoring and control; demand-side management consisting of energy efficiency solutions, demand response, and electric vehicle charging solutions; and street light solutions. In addition, the company provides professional services that include network design and optimization, deployment support, software and systems integration, program management, consulting, and training services; managed services and software as a service; and technical, network, and product support at various service levels. It operates in the United States, Canada, Australia, New Zealand, South America, Asia, and Europe. The company was formerly known as Real Time Techcomm, Inc. and changed its name to Silver Spring Networks, Inc. in August 2002. Silver Spring Networks, Inc. was founded in July 2002 and is headquartered in Redwood City, California.

639 Employees
Last Reported Date: 08/12/14
Founded in 2002

silver spring networks inc (9SI) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $533.3K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $128.7K
Vice Chairman and Executive Vice President
Total Annual Compensation: $400.0K
Executive Vice President of Global Sales
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

silver spring networks inc (9SI) Key Developments

Silver Spring Networks Announces Enhanced Smart Water Solution

Silver Spring Networks, Inc. announced an enhanced smart water solution for utilities which offer water service in combination with electric service to their customers. The Silver Spring IPv6 network enables multi-service advanced metering, helping provide the high performance, operational savings and advanced functionality previously embraced primarily by larger Investor-Owned-Utilities.

City Utilities of Springfield Selects Silver Silver Spring Networks, Inc. for Smart Electricity, Gas and Water System

Silver Spring Networks, Inc. announced that it has been selected for an advanced, multi-application smart grid deployment for City Utilities of Springfield, a community-owned utility delivering electricity, natural gas and water services to more than 106,000 customers in southwest Missouri. City Utilities' advanced smart grid program is expected to unlock increased customer value by leveraging Silver Spring's unified network platform and managed services across its three different services. It is also expected to deliver improved service reliability, reduced operating costs, greater energy efficiency, and to empower City Utilities' customers to make better energy and water usage decisions.

Silver Spring Networks, Inc. Plans to Layoff Employees Around the World

Silver Spring Networks, Inc. announced that it is laying off employees around the world, in a restructuring plan designed to reduce operating expenses and save $2 million by the end of next year. In a filing with the U.S. Securities and Exchange Commission, Silver Spring said it expects to incur charges of up to $4 million in severance and termination costs, most of it in the third quarter of this year.


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