Multiservice message routing leadership attracts global investor base
Ottawa, Canada, April 25, 2005 – Solace Systems, the leader in carrier-scale multiservice message routing, announced its latest round of investment and the appointment of new members to its Board of Directors today. EdgeStone Capital Partners led the infusion of capital, which also included Teachers’ Private Capital and international state, hedge, and private equity investment funds. The funding will be used to enhance Solace’s global sales and support capabilities and to develop its next-generation of message routing solutions. The amount of the new round of investment was not disclosed.
Samuel Duboc, Founder and Managing Partner of Edgestone Capital Partners, and Derek Smyth, Partner at Edgestone Capital Partners, join Chairman Sir Terence Matthews, Jose Medeiros, Ian McLaren, and Craig Betts on the Solace Systems Board of Directors.
"Our investment in Solace Systems is a testament to the vision, execution, and determination of the Solace team to achieve market leadership and success, " said Derek Smyth, partner at EdgeStone Capital Partners. "As IP networks evolve to better address fast-growing application traffic, we believe a tremendous opportunity exists for introducing content intelligence in the network. With successful customer deployments and strong endorsement from industry experts, Solace Systems is poised to capture a significant portion of that opportunity."
Solace Systems’ multiservice message router technology provides intelligent routing of application traffic and enables improved sharing of high-value information. The technology allows service providers and enterprises to deliver business-critical content between applications in an efficient, secure, and event-driven manner.
"Adoption of message routing is another example of the IP innovation wave sweeping global carriers, " said Sir Terence Matthews, Chairman of Wesley Clover International. "It represents a natural evolution towards greater functionality in the IP network and a fantastic opportunity for service providers to capture new revenue streams."
"We are delighted to have this international group of investors join the Solace team. Having experienced funding partners in every major financial capital provides us with tremendous advantage, and knowing that they are among the world’s largest, long-term investors adds credence to our desire to serve the sophisticated carrier routing market over the long term." said Craig Betts , President and CEO of Solace Systems.
###