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Last $14.12 USD
Change Today +0.08 / 0.57%
Volume 88.3K
SSNI On Other Exchanges
New York
As of 8:04 PM 10/9/15 All times are local (Market data is delayed by at least 15 minutes).

silver spring networks inc (SSNI) Snapshot

Previous Close
Day High
Day Low
52 Week High
06/22/15 - $15.20
52 Week Low
12/1/14 - $6.90
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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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; 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 offers various solutions include advanced metering solution, which provides utilities with two-way communication, enabling utilities to remotely 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 management; 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 2002 and is headquartered in Redwood City, California.

640 Employees
Last Reported Date: 08/7/15
Founded in 2002

silver spring networks inc (SSNI) Top Compensated Officers

Executive Chairman
Total Annual Compensation: $540.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $128.7K
Chief Technology Officer
Total Annual Compensation: $315.0K
Executive Vice President of Global Sales & De...
Total Annual Compensation: $382.5K
Compensation as of Fiscal Year 2014.

silver spring networks inc (SSNI) Key Developments

Acuity Brands Lighting and Silver Spring Networks Collaborate to Develop Intelligent Lighting Platform for Utilities and Smart Cities

Acuity Brands, Inc. through its subsidiary Acuity Brands Lighting, Inc., and Silver Spring Networks, Inc. announced an agreement to jointly develop an intelligent lighting platform for utilities, cities, and large campus operators which will allow them to upgrade their aging lighting infrastructure and establish a path to additional smart city applications and services. In the first step of the relationship, the two industry leaders will jointly develop a networked street light control solution. This solution will integrate Silver Spring’s standards-based Gen5 IPv6 networking platform and Streetlight.Vision smart city management software, which enables operators to monitor and control networked streetlights, with Acuity Controls’ DTL® DLL Elite™ intelligent photocontrols.

Silver Spring Networks Announces Streetlight. Vision 6 (SLV6)

Silver Spring Networks, Inc. announced Streetlight. Vision 6 (SLV6), its new street light and smart city control and management platform. With more than 100 new features, SLV6 provides cities, utilities, and energy services companies with a comprehensive platform to support their smart city needs and create more value from their existing street light networks. Silver Spring delivers SLV control software for smart city and smart lighting networks in more than 500 cities in 16 countries. As public lighting can consume as much as 40% of a municipality’s energy budget, cities across the globe are looking to remotely manage their lighting networks to lower energy consumption, improve lighting reliability and public safety, and establish a smart city platform upon which future applications can be deployed. With the introduction of SLV6, customers will be able to benefit from more than 100 new features, including expanded Smart City Device Support: A broad set of smart city device support, including integration with more than 50 light point control system vendors and an expanded range of smart city devices such as electrical vehicle charging stations, traffic cameras, parking kiosks, environmental sensors, solar panels, electric, water and gas meters, and more. Asset and Inventory Management, Improved asset management to create, import, export, and modify a wide array of devices, develop custom inventory attributes, and run analytics and reports. Work Order Management is automated device monitoring and data analytics of attributes, advanced alarm mechanisms, report-based and map-based failures detection, creating improved cross-departmental coordination on maintenance activities, and helping to increase customer/citizen satisfaction, reduce the number of onsite operations, and deliver cost-savings on maintenance budgets. Advanced Analytics: Data analytics to identify and anticipate possible faults on the grid and to reduce call-center load by leveraging crowd-sourced information on device failures and other issues in the field. New User Interface, User-friendly interface including user-configurable web desktop, easy-to-deploy Apps and Widgets from the new SLV App Store, and an optimized experience on mobile devices such as tablets for simple and convenient use in the field. Simplified Integration with Existing Business Processes: The SLV6 extended North Bound Web Service API allows Work Order Management system tickets to be created from the data collected and analyzed by SLV6, and also enables easy interface with Billing and Geographical Information Systems. Near Limitless Extensibility: Ability to leverage the SLV6 platform to help drive new business models and grow revenue. For example, cities can add cameras to their existing street light network to deliver traffic data to third-party devices and applications, unlocking new services for citizens.

New Braunfels Utilities Selects Silver Spring Networks to Deploy its Multi-Application Network

Silver Spring Networks has been selected by New Braunfels Utilities to deploy its multi-application network across the city for a comprehensive Dynamic Metering Infrastructure program supporting both electricity and water services. The Silver Spring smart grid networking platform will help New Braunfels Utilities control costs, improve outage response, enhance customer communications, and deliver expanded energy and water services to its customers.


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