Entries by PR

Solace Systems Named One of Deloitte’s Technology Fast 50™ Companies

Fifth Consecutive Year of Recognition as One of Canada’s Fastest Growing Companies

Ottawa, Ontario, November 13, 2014  — For the fifth straight year, Solace Systems is named one of Canada’s fastest growing technology companies in the Deloitte Technology Fast 50™ awards for technological innovation, entrepreneurship, rapid growth and leadership, based on the percentage of revenue growth over five years.

Solace ranked 31st with 319 percent revenue growth from 2009 to 2013. Now in its 17th year, the Deloitte Technology Fast 50™ program celebrates leaders in the Canadian technology industry and tracks the successful growth of Canadian-grown leaders. The program augments the broader Deloitte North American Technology Fast 500™ initiative with winners automatically eligible for this elite ranking.

Solace CEO Craig Betts attributes the company’s track record to its ability to help companies manage the rapidly increasing volumes of information that place escalating demand on business and consumer services. “Today’s perfect storm of trends like big data, cloud computing and the internet of things are fundamentally changing the IT landscape, and are driving the realization of our vision, ” said Betts.… Read the rest

Solace and SL Partner to Streamline Monitoring of Solace Message Routers

Industry-Leading Monitoring Solution Now Gives Unprecedented Visibility into Solace Environments

Ottawa, Ontario and Corte Madera, CA, October 14, 2014 – Solace Systems announced today that SL Corporation, a leading provider of IT monitoring solutions, has introduced a solution that gives system administrators and application support teams more unified and visual information about the state and performance of their Solace message routers.

The Solution Package for Solace Message Router gives their RTView® Enterprise Monitor™ product the ability to tap into the real-time performance data captured by Solace message routers, and complement Solace’s native admin tool SolAdmin.

“As companies deploy more Solace message routers, their IT teams need increasingly sophisticated tools for monitoring and managing their system, ” said Denis King, Solace SVP of field operations and strategic alliances. “By using SL’s RTView Enterprise Monitor application, they can monitor the performance of their applications and supporting infrastructure with a single product.”

The RTView Enterprise Monitor application lets customers quickly deploy pre-built Web dashboards featuring heat maps and other visual indicators that give them quick, contextual understanding of their system’s performance, with the ability to drill down into underlying data as needed.… Read the rest

Spotex Chooses Solace Systems to Enable Faster, More Efficient FX Trading

Low Latency ECN Infrastructure Reduces Response Times and Slippage

Ottawa, Ontario July 15, 2014Solace Systems announced today that Spotex has selected Solace message routers to serve as the low latency messaging foundation of their foreign exchange (FX) electronic communications network (ECN). The Spotex ECN delivers fair, transparent FX trade matching that increases customer profitability by reducing response times and minimizing the difference between the prices at which orders are placed and filled, commonly called slippage.

“Solace offers a unique combination of operational simplicity and extreme low latency, allowing Spotex to build highly scalable and reliable solutions for our clients, ” said Ritesh Agrawal, CEO of Spotex. “Solace’s hardware-based approach to messaging eliminates the performance problems we’ve seen in software-based solutions.”

Solace message routers efficiently move information between trade participants and Spotex’s high-speed matching engine. Solace ensures high availability to avoid many types of possible failures, which is essential to the 24-hour nature of FX markets.… Read the rest

Crédit Agricole CIB Selects Solace Systems Messaging Appliances for Next Generation eTrading Platform

Solace Technology Creates a Fast, Reliable and Agile Platform for Growth in FX Services Market

Ottawa, Ontario, June 10, 2014 Solace Systems announced today that Crédit Agricole Corporate and Investment Bank (CIB) has decided to implement Solace messaging appliances as the data distribution backbone as part of its continuous investment in low latency electronic trading in FX, Rates and Bonds.

“The electronic market landscape is evolving rapidly, and we need to service our client needs with reliable, robust, low-latency technology” said Stamos Fokianos, Global Head of eBusiness for the Global Markets Division at Crédit Agricole CIB. “After a careful study of available technologies, we found that Solace most closely matched our targets and aspirations in the eBusiness space.”

Unifying all messaging on Solace simplifies the management of the different systems and improves reliability, flexibility and scalability. Crédit Agricole CIB sees significant growth opportunities in eBusiness in its chosen segments and geographies, and uses technology as a key differentiator.… Read the rest

New Solace Message Routers Accelerate Enterprise Applications and Enable Big Data, Cloud and IoT

Combined with Release of SolOS 7.0, New Models Enable Application-Aware Networks that Improve Performance, Robustness and TCO of IT Infrastructure

Ottawa, Ontario, June 3, 2014 Solace Systems announced today two new message routers and a major new version of its operating system, SolOS 7.0, that together meet the diverse data movement demands of today’s enterprise applications and emerging big data systems, cloud computing architectures and internet of things initiatives.

Each of these systems needs an efficient way to move large amounts of information over different kinds of networks with unique requirements in terms of latency, throughput, guaranteed delivery, fault tolerance and more. Solace’s hardware-based platform lets companies replace a wide range of discrete data movement technologies (such as messaging middleware, open source, web streaming, transaction management, WAN optimization, etc.) with a powerful application-aware network. Application aware-networks make it easier and less expensive to move data between applications while offering greater capacity, performance and robustness than other solutions.… Read the rest

Solace Systems Wins 2014 Red Herring Top 100 North America Award

Prestigious List Recognizes the Most Successful and Promising Private Companies in North America

Ottawa, Ontario, May 21, 2014 Solace Systems has been named to the 2014 Red Herring Top 100 North America, which recognizes the 100 best private companies in North America every year. Red Herring’s editorial team analyzed hundreds of companies and selected those best positioned to succeed based on criteria including financial performance, technological innovation, intellectual property, management quality, business model, customer footprint and market penetration. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo!, Skype, Salesforce.com, YouTube, Marin Software, Palo Alto Networks and eBay would change the way we live and work.

Solace was recognized for its innovative application message routers which accelerate the flow of information between all kinds of desktop, enterprise and mobile applications in support of legacy business processes as well as big data, cloud computing and Internet of Things initiatives.… Read the rest

User Group Meetings to Bring Together Solace Customers and Product Experts

Ottawa, Ontario, May 16, 2014 – Solace Systems will host a series of user group meetings in June to educate and foster networking between the IT professionals who design, deploy and develop applications to work with Solace-based messaging systems. The meetings will take place in Toronto, New York and London.

Each meeting will include customer presentations, an update on the latest Solace product news from Solace CTO Shawn McAllister, and an opportunity to network with other Solace users.

“As our install base grows, more and more IT professionals are becoming experts in the use of our technology, ” said Solace CTO Shawn McAllister. “By facilitating communications with and between those users we will discover and help spread the field-tested best practices that are helping companies make the most of our technology, and get their valuable input on the future of our product offering.”

The dates, locations and details of the meetings are as follows.… Read the rest

Solace Announces Training World Tour

Ottawa, Ontario, April 24, 2014 – Solace Systems announced today a series of public training courses to be held in London, New York City and Toronto throughout 2014. The courses will meet the needs of customers who want to give a few administrators or developers hands-on training on Solace equipment, and complement the onsite training most customers use to quickly familiarize their IT staff with the deployment and operation of Solace appliances.
The tour will feature two of Solace’s most popular courses:

  • Introduction to Solace Administration covers operational management of Solace products, including product configuration, monitoring, security administration and integration, backup/restore considerations, and Solace Element Management Protocol commands.
  • Introduction to Solace APIs introduces application developers to topics such as session and connection management, message persistence and delivery models, acknowledgement models, message types, memory management, threading models and development best practices.

“Many clients have asked for more flexibility in how they accelerate their staff’s expertise with our products, ” said Denis King, SVP Global Field Operations, Solace Systems.… Read the rest

CameronTec Releases Catalys Solace Integrator for Enabling Faster Market Connectivity

Chicago & Ottawa, Tues. 11 February 2014 — Responding to increased market demand for a software solution that enables electronic trading firms to quickly and easily connect their FIX gateways to Solace Systems messaging appliances, CameronTec today released the Catalys Solace Integrator.

CameronTec is the global standard in FIX connectivity, offering both trading technology and professional services.  Solace Systems provides messaging middleware appliances that efficiently distribute data to desktop, enterprise and mobile applications with higher performance and at lower cost than alternatives.

Peter Mott, CameronTec VP Americas says:  “CameronTec is committed to supplying the electronic trading market with electronic trading software that will provide quick and robust solutions for the latest industry initiatives and technologies.  Based on the increasing ubiquity of Solace appliances in the financial services industry, we worked to develop the Catalys Solace Integrator.”

“Solace is pleased to welcome CameronTec to the growing ecosystem of technology providers offering solutions that complement our hardware, ” says Denis King, SVP of Field Operations at Solace Systems.  … Read the rest

Leading Asian e-Payment Solution Provider Azure Deploys Solace Systems to Power Electronic Payment Platform

Infrastructure Upgrade from MQ to Solace Allows 500% Higher Throughput with Lower Transactional Latency

Ottawa, Ontario, November 20, 2013 – Azure, a leading payment provider based in Taiwan, has implemented Solace’s messaging appliance as the core messaging platform for their payment gateway. Azure has replaced an existing MQ platform with Solace, an upgrade which has translated into 500% more capacity and lower latency for their payments customers.

“As a payment gateway, every transaction is critical and cannot be missed or lost, so Solace’s ability to guarantee the delivery of hundreds of thousands of messages a second with low latency is a perfect fit for our application, ” said Benjamin Tung, General Manager of Azure. “We found Solace’s solution extremely easy to deploy, operate and keep running thanks to its built-in fault tolerance, steady latency, and fine grained management tools.”

The massive capacity of the Solace appliance has enabled Azure to dramatically reduce the cost and complexity of their system by consolidating many racks worth of servers and MQ licenses down to a small number of Solace appliances.… Read the rest