United States : STREETLIGHT.Vision to be purchased by Silver Spring [TendersInfo (India)]
(TendersInfo (India) Via Acquire Media NewsEdge) Silver Spring Networks has signed an agreement to purchase Streetlight.Vision, a Paris-based company that offers control and management software for street lights. Silver Spring s purchased was planned to facilitates Silver Spring s networked street light solution, expand its geographic reach, and can be leveraged for additional solutions within the blossoming smart city market.
Silver Spring Networks chairman, president, and chief executive officer Scott Lang stated, 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. 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.
Christophe Orceau, Streetlight.Vision general manager, adds: 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. 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 teamed on a smart city project in Paris that effectively demonstrating a networked street lights solution. Silver Spring is in addition connecting street lights in Copenhagen and Miami and has delivered above 18.5 million IPv6-networked devices for smart grid networks.
The purchase is dependent on customary closing conditions.
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