M&A Deal Summary

Silver Spring Networks Acquires Detectent

On January 7, 2015, Silver Spring Networks acquired software company Detectent for 12M USD

Acquisition Highlights
  • This is Silver Spring Networks’ 2nd transaction in the Software sector.
  • This is Silver Spring Networks’ largest (disclosed) transaction.
  • This is Silver Spring Networks’ 2nd transaction in the United States.
  • This is Silver Spring Networks’ 2nd transaction in California.

M&A Deal Summary
Date 2015-01-07
Target Detectent
Sector Software
Buyer(s) Silver Spring Networks
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Detectent

Escondido, California, United States
website
Detectent Inc. is a 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.

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Buyer(S) 1

Buyer

Silver Spring Networks

Redwood City, California, United States

website

Category Company
Founded 2002
Sector Internet Software and Services
Employees673
Revenue 311M USD (2016)
DESCRIPTION

Silver Spring Networks, Inc. is a provider of networking platform, software and services that enable energy networks to perform brilliantly at enormous scale. Silver Spring Networks was founded in 2002 and is based in Redwood City, California.

DEAL STATS #
Overall 3 of 3
Sector (Software) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (California) 2 of 2
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-06 Streetlight.Vision SARL

Paris, France

Streetlight.Vision SARL is a networking platform and solutions provider for smart energy networks. Silver Spring’s pioneering IPv6 networking platform, with more than 18.5 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.

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