Ottawa, Canada, February 4, 2009 – Solace Systems, the leading supplier of messaging middleware and content networking hardware, and Barclays Capital, the investment banking division of Barclays Bank PLC, today announced a multi-year global supply partnership whereby Solace equipment becomes the foundation of Barclays’ new, enterprise-wide high-speed messaging platform.
Barclays will use Solace 3260 Content Routers to integrate applications spanning the front, middle and back office. By consolidating all messaging needs onto the new platform Barclays will simplify the current infrastructure while saving on development, datacenter and support costs.
“Global banks are under pressure to simultaneously reduce datacenter infrastructure spend, while still supporting the huge increases in data volumes our industry is experiencing, ” said Pat Payton, Managing Director and Head of IBD, Sales, Research and Core Services IT at Barclays. “By embedding the messaging middleware in hardware, Solace is allowing us to better compete in the next decade with a fully flexible, state-of-the-art infrastructure.”
Solace hardware has been in production at Barclays for over a year and has proven to be fast and reliable. Migration of more than 100 additional applications onto the global Solace backbone is currently underway.
“Solace is delighted to be selected as the next-generation messaging middleware standard at one of the world’s preeminent financial institutions, ” said Craig Betts, Solace’s CEO. “Working so closely with a visionary organization like Barclays has helped further our mission to reshape the future of financial market technology.”
About Barclays Capital
Barclays Capital is the investment banking division of Barclays Bank PLC. With a distinctive business model, Barclays Capital provides large corporate, government and institutional clients with a comprehensive set of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employs over 20, 000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide.