<h3>Goldman Sachs Executive to Provide Financial Services Industry Insight and Leadership</h3>
<p><strong>Ottawa, Canada, May 20, 2008</strong> <em>- </em>Solace Systems, the leading supplier of high-speed, low-latency content networking systems, today announced the appointment of former Goldman Sachs executive Ralph Frankel as chief technology officer, financial services. Mr. Frankel will be responsible for steering the company’s technology vision and working closely with financial services customers to help them derive maximum value from their investment in hardware-based high-speed messaging and content networking. </p>
<p>Prior to joining Solace, Mr. Frankel spent four years at Goldman Sachs as the vice president of technology, application & systems infrastructure. He served as the global head of messaging engineering and was responsible for messaging product procurement, messaging architectures, and global deployments for a variety of front and back office technologies. He also spearheaded several initiatives in the ultra-low latency space and worked very closely with several start-up vendors in this capacity. Before his stint at Goldman, Mr. Frankel was responsible for software development of a new order routing infrastructure and front office technology for major hedge fund companies including Millennium Partners and DE Shaw.</p>
<p>“Solace enables our customers to overcome their most pressing challenges and provides unique opportunities to transform and grow their businesses, ” said Craig Betts, Solace’s CEO. “Ralph has lived and breathed the issues our customers face within one of the largest, most successful investment banks in the world. His guidance will help our products and solutions deliver rapid results within customer deployments.”</p>
<p>Mr. Frankel holds a B.Sc. in computer science from the University of Toronto and a Masters of Science in computer science from New York University. </p>
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