Last $10.85 USD
Change Today -0.16 / -1.45%
Volume 260.5K
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New York
As of 4:15 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

silver spring networks inc (SSNI) Snapshot

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52 Week High
08/5/13 - $33.82
52 Week Low
05/7/14 - $9.75
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silver spring networks inc (SSNI) 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.

617 Employees
Last Reported Date: 05/8/14
Founded in 2002

silver spring networks inc (SSNI) 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 Developmen...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

silver spring networks inc (SSNI) Key Developments

LED Roadway and its Partner Silver Spring Networks Selected for Future City Glasgow Program in Scotland, UK

LED Roadway Lighting and Silver Spring Networks, Inc. announced they have been selected by Glasgow City Council to deliver the Intelligent Street Lighting requirements for their innovative Future City Demonstrator initiative. The project will leverage LED street lighting from LED Roadway Lighting's NXT range of luminaires and Silver Spring's IPv6-based smart city networking platform to integrate LED street lights, traffic cameras, and sensors into two adaptive lighting systems in the city center and along the River Clyde's 'Clyde Walkway'. The adaptive lighting systems will monitor vehicle, bicycle, and pedestrian traffic and dynamically dim and increase illumination accordingly, increasing energy efficiency, urban sustainability and improving citizen safety.

Silver Spring Networks, Inc. Announces Executive Changes

On June 5, 2014, the board of directors of Silver Spring Networks, Inc. approved changes in John Joyce's role and responsibilities as the company's Vice Chairman and Executive Vice President. Mr. Joyce will continue to serve as the company's Vice Chairman and Executive Vice President, but will provide services on a part-time basis as an adviser to Scott Lang, the company's Chairman of the Board of Directors, President and Chief Executive Officer. On June 5, 2014, the board of directors of the company approved the appointment of C. Douglas Andrews, as its Controller and Chief Accounting Officer and principal accounting officer. Mr. Andrews' appointment is effective as of June 16, 2014. From January 2014 until June 2014, Mr. Andrews served as Vice President, Worldwide Controller at Fortinet, Inc. From June 2007 through December 2013, he served as Controller at Volterra Semiconducter. There is no arrangement or understanding with any person pursuant to which Mr. Andrews was appointed as Controller and Chief Accounting Officer, and there are no family relationships between Mr. Andrews and any director or executive officer of the company.

Silver Springs Networks Announces Partnership with ComEd

Silver Springs Networks announced that it would be partnering with ComEd on the smart grid element of ComEd's 10-year, $2.6 billion infrastructure investment plan to strengthen Illinois' electric system. Silver Spring Networks said that its standards-based networking platform and smart grid applications would be able to connect four million homes and businesses over the next 10 years across ComEd's service territory. Its Smart City solution has been selected for projects in Copenhagen, Dongguan, Dublin, Foshan, Miami, Oslo and Paris.


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