OTTAWA and DUBLIN, September 11, 2012 – Solace Systems, the leading provider of high-performance messaging appliances, announced today their selection of Lab49, a leading provider of advanced custom technology solutions for the capital markets, as a key strategic partner for the delivery of Solace’s technology in that market.
“Lab49 is the leading provider of innovative e-commerce and low-latency trading solutions to capital markets, ” said Denis King, SVP Global Field Operations and Strategic Alliances of Solace Systems. “Their involvement at the forefront of new industry developments over many years has positioned them as an ideal partner to support the industry in leveraging our state-of-the-art technology.”
Solace’s messaging appliances have been successfully adopted by leading financial institutions around the world. Solace’s solution offers better performance and reliability at lower cost than messaging software, making it ideal for the types of demanding applications Lab49 builds.
Shawn McAllister, CTO of Solace Systems added: “Many capital markets firms need to streamline their technology infrastructure in terms of both cost and performance, and may need to rationalize or even rebuild their messaging middleware layer to meet current and future requirements. Lab49 is involved in many of these initiatives, and we are committed to ensuring that Lab49 has the information and insight needed to fully leverage the Solace Systems product suite wherever relevant for their clients.”
“Lab49 is pleased to be selected by Solace to partner with them in delivering these solutions, ” said Ross Hamilton, Global Head of Delivery for Lab49.