Silver Spring Networks

Silver Spring Networks, Inc. is a provider of networking platforms and solutions designed for smart energy networks. The company's SilverLink platform facilitates communication with devices connected to the power grid, enabling utilities to leverage data for informed decision-making. Its offerings include advanced metering solutions that allow for two-way communication, distribution automation for real-time grid monitoring, and demand-side management solutions encompassing energy efficiency and electric vehicle charging. Additionally, Silver Spring provides professional services such as network design, deployment support, and technical assistance, along with managed services and SaaS. The company operates in various regions, including North America, Europe, Asia, and Australia, and markets its products through a direct sales force and third-party resellers. Founded in 2002 and headquartered in San Jose, California, Silver Spring Networks was acquired by Itron, Inc. in January 2018.

Tom Werner

Director

3 past transactions

Detectent

Acquisition in 2015
Detectent is a California-based business consulting service specialized in customer intelligence for utility business decision support. It pioneered the concept of Customer Intelligence for utility business decision support with an initial focus on the identification of energy theft using advanced analytics. Detectent’s rapid success with this first Customer Intelligence application was predicated upon the fact that they did not simply provide a sophisticated tool but deliver a solution that enabled their customers to recognize new revenue immediately. Detectent’s fast-growing customer base already encompasses more than one-third of North America’s largest utility companies, as well as many major mid-tier and municipal utilities. The company was founded in 2004 and headquartered in Escondido, California.

Streetlight.Vision

Acquisition in 2014
Streetlight.Vision develops innovative Central Management Software for cities, utilities and authorities to benefit from Smart Streetlight and Smart City applications.

Greenbox

Acquisition in 2009
Greenbox offers a home energy management solution designed to help homeowners monitor and manage their energy consumption effectively. Its platform allows users to track their electricity, water, and gas usage in real-time, providing valuable insights into their home’s energy performance. By presenting data through easy-to-understand graphs, charts, and historical comparisons, Greenbox empowers consumers to make informed decisions about their energy use. This increased awareness can lead to a reduction in utility bills by 10-20%. Additionally, the platform encourages engagement in energy efficiency initiatives, demand response, and renewable energy practices, supporting users in their efforts to conserve energy and minimize their environmental impact.
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