Silver Spring Networks has entered into an agreement to acquire Streetlight.Vision, provider of control and management software for street lights. Paris-based Streetlight.Vision is engaged in projects with leading cities around the world including in Asia and Europe.
This acquisition will enhance Silver Spring’s networked street light solution, expand its geographic reach, and will be leveraged for additional solutions within the growing Smart City market.
"The Streetlight.Vision team has developed a world-class Smart City technology platform. As Silver Spring’s networking technology continues to connect an increasing volume of devices and critical infrastructure, it’s imperative that we provide sophisticated management and control of these complex networks for our customers," said Scott Lang, Chairman, President and CEO, Silver Spring Networks. "Streetlight.Vision’s successful track record serving a global client base also positions Silver Spring well to expand its footprint into new geographies and markets."
"As billions of devices are connected to the Internet of Things, the management and operation of critical infrastructure is crucial to the economic competitiveness and sustainability of the world’s leading cities," said Christophe Orceau, General Manager, Streetlight.Vision. "We are thrilled to join an industry leader like Silver Spring. Their proven ability to deliver and operate large-scale networks for cities and energy providers around the world makes them an ideal company to scale our technology to the next level."
Silver Spring Networks and Streetlight.Vision first began working together on a Smart City project in the City of Paris, successfully demonstrating a networked street lights solution. In addition to the City of Paris, Silver Spring is connecting street lights in iconic cities such as Copenhagen and Miami, and has delivered more than 18.5 million IPv6-networked devices for smart grid networks on five continents.
The acquisition is subject to customary closing conditions.