Fenwick & West represented Silver Spring Networks, Inc. (NYSE:SSNI), a leading networking platform and solutions provider for smart energy networks, in its recently announced acquisition of Detectent, Inc., one of the leading providers of utility data analytics solutions. The transaction is expected to close in the first quarter of 2015, subject to customary closing conditions. Financial terms of the transaction were not disclosed.
The acquisition will help enhance the Detectent analytics solution in conjunction with Silver Spring’s SilverLink platform’s distributed intelligence and real-time data stream capabilities, as well as broaden market reach by serving Detectent’s impressive customer lineup and extending these innovations to their global client base. More information about Silver Spring’s acquisition of Detectent can be obtained from the company press release.
The Fenwick transaction team included corporate attorneys Rob Freedman, Scott Joachim, Priscila Bastazin and Margaret Ding and executive compensation and employee benefits attorney Scott Spector.