Last $7.29 USD
Change Today +0.02 / 0.28%
Volume 195.4K
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silver spring networks inc (SSNI) Snapshot

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52 Week High
02/24/14 - $18.60
52 Week Low
12/1/14 - $6.90
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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.

589 Employees
Last Reported Date: 11/13/14
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, Principal Accounting...
Total Annual Compensation: $128.7K
Vice Chairman and Executive Vice President
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

silver spring networks inc (SSNI) Key Developments

Horizon Power Selects Silver Spring Networks to Deploy Multi-Application Advanced Metering Network Across Regional Western Australia

Silver Spring Networks announced that it has been selected for an advanced metering program by Horizon Power. Silver Spring’s multi-application, IPv6 network platform will be used to connect Horizon Power’s 47,000 customers for an Advanced Metering Infrastructure (AMI) program, making it the first distribution utility in Australia to pursue a non-mandated AMI deployment and a customer pre-payment program. The program is a part of the $34 million project funded by the Western Australian Government to reduce operating costs associated with customer services costs and the servicing of meters in remote locations. Silver Spring was selected for the AMI program following the completion of a successful pre-payment program leveraging technology from Silver Spring partner SmartGridCIS to enable customers to pay for electricity in advance and better monitor their electricity use.

Silver Spring Networks, Inc. Appoints James P. Burns as Principal Accounting Officer Effective January 15, 2015

On January 6, 2015, Silver Spring Networks, Inc. appointed James P. Burns, 50, the company's Executive Vice President and Chief Financial Officer and principal financial officer, as the company's principal accounting officer effective as of January 15, 2015, following the resignation of Mr. Christopher Douglas Andrews, the company's current principal accounting officer. Mr. Burns has served as Executive Vice President and Chief Financial Officer since September 2013.

Silver Spring Networks, Inc. Announces Resignation of C. Douglas Andrews as Controller, Chief Accounting Officer and Principal Accounting Officer, Effective January 15, 2015

On December 23, 2014, C. Douglas Andrews, the Controller and Chief Accounting Officer and principal accounting officer of Silver Spring Networks, Inc. announced his decision to resign effective January 15, 2015.


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