Silver Spring Networks to Acquire Detectent Inc., a Leading Provider of Utility Data Analytics Solutions
2015年1月7日 - 10:30PM
ビジネスワイヤ(英語)
Smart Grid Pioneer Bolsters its Big Data
Position, Broadens its Software and SaaS Solutions to Address
Critical Utility Needs
Silver Spring Networks, Inc. (NYSE:SSNI) today announced it has
entered into an agreement to acquire privately held Detectent Inc.,
a leading provider of utility data analytics solutions. Based in
Escondido, California, Detectent’s SaaS, subscription, and software
solutions help improve advanced metering infrastructure (AMI) and
utility grid operations, ensure revenue protection, and deliver
enhanced customer engagement programs. Detectent’s solutions
currently analyze data from more than 25 million water, gas, and
electricity meters, in both AMI and legacy environments, from over
20 leading utility customers across the United States. Detectent
has been a Silver Spring partner since May 2014 with its solutions
offered through Silver Spring’s SilverLink™ Sensor Network apps
catalogue.
“As a recognized industry leader, Detectent is delivering
innovative data analytics solutions to some of the leading U.S.
utilities,” said Scott Lang, Chairman, President and CEO, Silver
Spring Networks. “We are excited to enhance the Detectent analytics
solutions with our SilverLink platform’s distributed intelligence
and real-time data stream capabilities. We are also pleased to
broaden our market reach by serving Detectent’s impressive customer
lineup and extending these innovations to our global client
base.”
“Energy theft is a multi-billion dollar challenge for the
utility industry. Coupled with operational improvements and
enhanced customer engagement, there is a growing opportunity to
unlock billions of dollars in value by applying data analytics
solutions,” said Michael Madrazo, CEO of Detectent. “Silver Spring
has a proven track-record with blue-chip utilities around the
globe, has connected more than 20 million devices worldwide, and is
delivering the next-generation platform to transform real-time
smart grid data into knowledge and action. As we prepare to join
the Silver Spring family, we are excited by the enhanced value we
can create globally.”
Detectent’s utility analytics solutions will be offered both as
a stand-alone solution or powered by Silver Spring’s smart grid big
data platform – the SilverLink Sensor Network. The SilverLink
Sensor Network unlocks big data on the smart grid at up to 10x the
speed and 1/10th the cost of traditional utility IT infrastructure.
With fully networked devices across its grid, a utility can easily
and quickly organize, program, and use smart grid big data for a
more agile and innovative organization.
Excluding deal-related charges, Silver Spring expects the
transaction to be neutral to non-GAAP earnings in 2015, and
accretive beginning in 2016. The transaction is expected to close
in the first quarter of 2015, subject to customary closing
conditions.
For more information on Silver Spring’s acquisition of Detectent
please visit
http://ir.silverspringnet.com/investor/investor-resources/Acquisition-FAQs.
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About Silver Spring Networks
Silver Spring Networks is a leading networking
platform and solutions provider for smart energy networks. Silver
Spring’s pioneering IPv6 networking platform, with more than 20
million Silver Spring enabled devices delivered, is connecting
utilities to homes and business throughout the world with the goal
of achieving greater energy efficiency for the planet. Silver
Spring’s innovative solutions enable utilities to gain
operational efficiencies, improve grid reliability, and
empower consumers to monitor and manage energy consumption. Silver
Spring Networks’ customers include major utilities around the globe
such as Baltimore Gas & Electric, CitiPower & Powercor,
Commonwealth Edison, CPS Energy, Florida Power & Light, Jemena
Electricity Networks Limited, Pacific Gas & Electric, Pepco
Holdings, Progress Energy and Singapore Power, among others. To
learn more, please visit www.silverspringnet.com.
Forward-Looking Statements
This press release contains forward-looking statements about
Silver Spring Networks’ expectations, plans, intentions, and
strategies, including, but not limited to statements regarding the
expected completion of and benefits from the acquisition of
Detectent. Statements including words such as "anticipate",
"believe", "estimate", "expect" or “future” and statements in the
future tense are forward-looking statements. These forward-looking
statements involve risks and uncertainties, as well as assumptions,
which, if they do not fully materialize or prove incorrect, could
cause our results to differ materially from those expressed or
implied by such forward-looking statements. The risks and
uncertainties include the conditions to the closing of the deal may
not be satisfied, the acquisition may not be completed
successfully, the business may not be integrated successfully, as
well as those described in Silver Spring Networks' documents filed
with or furnished to the Securities and Exchange Commission. All
forward-looking statements in this press release are based on
information available to Silver Spring Networks as of the date
hereof. Silver Spring Networks assumes no obligation to update
these forward-looking statements.
Silver Spring NetworksNoel Hartzell, 650-839-4184Global
Communicationsnhartzell@silverspringnet.comBonnie Hyun,
650-839-4664Investor Relationsbhyun@silverspringnet.com
SILVER SPRING NETWORKS INC (NYSE:SSNI)
過去 株価チャート
から 6 2024 まで 7 2024
SILVER SPRING NETWORKS INC (NYSE:SSNI)
過去 株価チャート
から 7 2023 まで 7 2024