Veteran Canadian tech executive Les Rechan is joining fast-growing Ottawa messaging and data-transfer technology firm Solace Corp. as president and CEO, four months after the takeover of his previous company, Halogen Software Inc.
Les Rechan has landed on his feet after leaving the recently-acquired Halogen Software, as the Ottawa tech veteran has been named CEO of Kanata’s Solace. Mr. Rechan will replace Solace founder Craig Betts in the role, who will in turn move to a new role as executive chairman of the board of directors.
Solace is a Kanata-based company that has created an “open data movement” platform. This allows their customers to use several open standard protocols to exchange data between applications in real-time, between public clouds, private clouds, and legacy systems. Solace helps companies effectively manage real-time information flow to achieve greater degrees of automation and to uncover data-driven insights.
Industry experts say that government support is needed for such technologies – electric cars, driverless cars, or even flying taxis – to take off in the real world. Take electric cars. Subodh Mhaisalkar, executive director of NTU’s Energy Research Institute, expects them to make economic sense in five years. The key issue to tackle by then is charging infrastructure. By 2020, a satellite, distance-based Electronic Road Pricing (ERP) system will replace the current gantry-based one. Data collected from the new system can also be used to help with traffic management, says Solace’s Sumeet Puri. “There are extreme possibilities for innovation.”
The Enterprise Architecture landscape is transforming like never before. Based in Canada, Solace makes it as easy as possible for companies to efficiently move data between applications, connected devices and people.
Solace, the leading provider of open data movement technology, and FIX Flyer, a leading provider of securities trading technology, announced today a joint solution that helps asset managers, broker-dealers, exchanges, and proprietary trading shops improve the performance and predictability of their FIX-enabled trading platforms.
Keith McAuliffe, general manager, financial services, at Solace Systems, agrees that banks see single-dealer platforms as a means of empowering their sales forces by automating the analysis of research reports and scanning CRM systems to proactively suggest trading recommendations and strategies.
Solace will support strategic research and innovation projects to give Alpine Canada athletes and coaches data they can analyse and apply.
Ottawa-based information technology company Solace Systems has signed a multi-year sponsorship agreement with Alpine Canada, the national governing body of alpine, para-alpine and ski cross racing. According to the company, Solace will support the organization’s research projects such as wind tunnel testing of athletes.
Hazelcast, a provider of operational in-memory computing, has teamed up with Solace, a provider of open data movement technology, to provide a new joint solution which enables multi-cloud and hybrid cloud replication of Hazelcast clusters for worldwide operation. The solution enables enterprise grade reliability, WAN scale-out and low latency cluster replication.
Solace Systems has won Best Communications Technology Transaction: Bridge Growth Partners / Solace Systems
This year Solace received major investment from private equity firm Bridge Growth Partners. “We look forward to partnering with Craig and his experienced, driven management team in pursuing and achieving an exciting new phase of opportunity and growth for Solace Systems.” (see full publication)
In the midst of being built by NCS and Mitsubishi Heavy Industries Engine System Asia (MHIES-A), the new ERP system will make use of advanced satellite technology to enable a more efficient information flow between sensors and vehicles, and overcome the constraints of physical gantries.
Among the local nominees is Jason Flick, the co-founder and CEO of You.i TV. The other finalists from Ottawa are Tracey Clark, the president and CEO of Bridgehead Coffee, and Craig Betts, the president and CEO of Katana’s Solace Systems, which makes networking middleware.
The next generation of enterprise messaging now in the market includes virtualized messaging across cloud-based platforms and the internet and the use of appliances and related tools for networking.
Solace appliances compress the data by over 80% with negligible latency impact, enabling clients to benefit from SuperFeed’s low latency, data quality and normalized delivery while using significantly less bandwidth.
SR Labs have deployed Solace Message Router Appliances to deliver a market leading compression solution, which publishes data in the OpenMAMA format. The Solace appliances compress the data by over 80% with negligible latency impact, enabling clients to benefit from SuperFeed’s low latency, data quality and normalized delivery while using significantly less bandwidth.
A New York-based private equity firm with strong ties to the capital announced Wednesday it has acquired a majority interest in Kanata’s Solace Systems in a deal Solace CEO Craig Betts said might be a record-breaker.
Bridge Growth Partners, a New York equity firm, revealed Wednesday it had acquired a majority stake in Solace Systems – one of Ottawa’s more promising high-tech firms. But when you pull the transaction apart, this surprise $100 million plus equity deal is as logical as they come. The startup’s many investors were looking for a way to get some of their money out at a profit and Bridge Growth gave it to them.
Real-time market data systems support provider CJC has trained its staff on the architecture, capabilities, deployment and administration of the software-based version of Ottawa, Canada-based hardware messaging appliance vendor Solace Systems’ messaging middleware platform, to meet demand from both vendors’ clients for managed services and technical support for Solace’s technology.
BCC Group has built a cloud-based version of its Financial Messaging Data Platform Global (FMDP Global) entitlements and data distribution system. FMDP Global currently comprises a market data distribution platform developed by BCCG that leverages messaging appliances from messaging technology vendor Solace Systems, as well as an entitlements component developed by a Canadian investment bank.
Top 10 Trading Platform Solution Providers 2016: Solace Systems, Next-Generation Messaging Middleware
Delivering high-end messaging capabilities as purpose-built appliances and software that can be deployed virtually anywhere, Solace gives companies a unified platform that meets all of their data delivery needs across continents, use cases and computing environments — including colocation sites, corporate datacenters and private and public clouds.
The new technology is expected to improve the capacity and performance of the broker’s information infrastructure, including the messaging services that power the trading platforms and the customer interfaces, as well as the internal messaging services and its data centers.
The new deployment of Solace powered solutions replaces the ActiveMQ, Kaazing and ZeroMQ products that FxPro had previously relied upon.
Retail Forex broker FxPro has partnered with technology provider Solace Systems, in order to beef up the capacity, performance and robustness of the messaging infrastructure that powers its advanced trading platforms and customer-facing interfaces.
Data movement technology provider Solace Systems recently announced partnerships with MindCraft and DataTorrent.
Solace Systems announces that it is extending its cloud strategy with support for OpenStack and Amazon Web Services (AWS).
Solace technology now integrates with OpenStack and Amazon Web Services (AWS).
German financial technology provider BCC Group (BCCG) is preparing to launch a new entitlements and data distribution system—based in part on an entitlements tool originally developed by a tier-one Canadian investment bank—that will provide financial firms with a single platform for managing entitlements, distributing market data, internal messages and trades across their organization..
Under the partnership, Solace’s messaging hardware and software will enable streaming of very large volumes of information from diverse sources into DataTorrent’s RTS, an open-source platform for stream and batch processing on Hadoop.
Solace’s messaging hardware and software enables streaming of large volumes of information from diverse sources into DataTorrent RTS. Solace and DataTorrent both offer elastic capacity to keep up with rising data volumes, and DataTorrent is one of the few applications that can scale to capture as much data as Solace can deliver.
Solace is expanding its involvement with The Linux Foundation through new corporate membership with The Linux Foundation and participation in the OpenMAMA project, a Linux Foundation Collaborative Project that provides a high-performance messaging API that interfaces with a variety of message-oriented middleware systems. Their technology is well-suited to the demands of OpenMAMA-based market data distribution systems used in banking and trading systems.
“Solace Systems is pleased to increase our commitment to The Linux Foundation and specifically the OpenMAMA project, which is at the forefront of innovation in the financial services community, ” said Shawn McAllister, CTO at Solace Systems. “Our technology is well-suited to the demands of OpenMAMA-based market data distribution systems, and we’re confident this partnership will foster open source collaboration and greatly advance bank and trading systems.”
Augmenting SAP HANA Cloud Integration with Solace’s message router technology will help customers realize distributed hybrid cloud connectivity, while also helping to meet the unprecedented scale and throughput requirements of big data and Internet of Things initiatives.
Solace’s message router technology will enhance SAP HANA Cloud Integration service, which will help SAP customers realise distributed hybrid cloud connectivity, and meet the scale and throughput requirements of big data and IoT initiatives, the firm said.
Ottawa, Canada-based hardware messaging appliance vendor Solace Systems has released a software-based version of its messaging middleware platform designed to run on commodity hardware instead of Solace’s own appliances
The VMR lets customers deploy Solace’s data movement solution into virtually any environment, while the Solace 3530 and Solace 3560 appliances address requirements best met with dedicated hardware in datacenters.
Tata Consultancy Services (TCS) is currently trading at Rs. 2493.35, up by 36.50 points or 1.49% from its previous closing of Rs. 2456.85 on the BSE. TCS has partnered with Solace Systems to enable customers to quickly and cost-effectively implement big data, mobility and Internet of Things (IoT) initiatives.
Solace Releases New Version of Messaging Platform
Solace Systems announced today release 7.1 of SolOS, the software and firmware that controls the behavior and operation of Solace’s next-generation messaging middleware platform. With the new version Solace now supports REpresentational State Transfer (REST), Java Connector Architecture (JCA) and Open Middleware Agnostic Messaging API (OpenMAMA).
Canada Luring IT with Express Entry Visa
Canada’s development and advocacy of the Express Entry program should…stimulate domestic brains into creating the sort of innovation found in the recent past by Blackberry and Cognos, and more recently by of Solace Systems, Solgenia, Jostle.me.
For the fifth straight year, Solace Systems has been named one of Canada’s fastest growing technology companies in the Deloitte Technology Fast 50™ awards, based on its percentage of revenue growth over five years.
Velocimetric’s TipOff enables market participants to reveal performance issues impacting real-time financial systems and networks by providing access and insight into detailed middleware, network and market data statistics.
This partnership demonstrates Velocimetrics’ ongoing commitment to ensuring that TipOff® continues to excel in enabling users to independently monitor and analyse their middleware messaging activities, which form the very fabric on which the industry’s trading systems are built.
Denis King, SVP of Global Field Operations and Strategic Alliances at Solace Systems agrees, believing the real appeal of IoT is when the story lies close to the end user, the smart device, where people can make intuitive decisions. So what happens when 30 million applications connect to an infrastructure?
Kanata’s Solace Systems came in at No. 288 with revenue growth of 319% over between 2009 and 2013. Solace Systems produces message routers. CEO Craig Betts said his company is succeeding because it is able to help its customers manage rapidly increasing amounts of information.
Solace Systems has announced that Spotex has selected Solace message routers to serve as the low latency messaging foundation of their foreign exchange electronic communications network.
Forex electronic communications network (ECN) Spotex, has selected Solace Systems for its low latency messaging infrastructure, in a bid to help reduce response times and slippage for its comprehensive Forex network.
FX ECN Spotex Taps Solace for Data Messaging (registration required)
Spotex, a foreign exchange trading ECN that launch in June, has confirmed it is using Ottawa-based hardware messaging appliance vendor Solace Systems’ routing technologies to provide low-latency messaging for price and trade data between trading participants and its trading engine within its Spotex Exchange architecture.
Crédit Agricole (CIB) chooses Solace Systems Messaging Appliances for next generation eTrading platform
Solace Systems announced that Crédit Agricole, the world 5th largest bank by total assets 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.
Unifying all messaging on Solace can simplify the management of the different systems and improve 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.
Crédit Agricole Deploys Solace Appliances for Low Latency Data (registration required)
Crédit Agricole’s Corporate and Investment Bank is rolling out data routing appliances from hardware-based messaging technology vendor Solace Systems to provide a low-latency data distribution backbone for its foreign exchange, rates and bonds trading operations.
Solace Announces Two New Message Routers and New OS Firmware
Our strategic partner 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.
Solace Boosts Data Appliance Throughput with New Routers (registration required)
Ottawa-based hardware messaging appliance provider Solace Systems has rolled out two new message routers and a new version of its operating system to support Big Data systems and cloud computing architectures.
“In today’s world, corporations must perfect the art of moving data between their complex and highly interactive systems. Solace Systems has earned the privilege of solving this problem for the most demanding clients and brand names in the world using their innovative and unique technology. This led us to select Solace among the Red Herring Top 100.”
Solace Systems simplifies the movement of data across distributed applications, sensor networks, mobile devices and all kinds of enterprise information technology (IT) systems.
CameronTec has released the Catalys Solace Integrator, a software solution that enables electronic trading firms to connect their FIX gateways to Solace Systems messaging appliances.
Four Ottawa companies on fast track to growth: Shopify, Solace Systems, Energate and Titus make annual technology ranking
Shopify Inc., with sales growth of 2, 163% over five years, was the top Ottawa company on the Deloitte Fast 50 list and third overall. Other Ottawa finishers on the list released Wednesday: data-flow hardware supplier Solace Systems, 19th place, 395% growth; “smart” thermostat producer Energate Inc., 34th, 247%; and communications security specialist Titus Inc., 50th, 163%.
Ottawa-based Shopify is the third fastest-growing technology company in Canada, according to a new list from accounting firm Deloitte.
Three other Ottawa based companies also made the list: middleware provider Solace Systems, which ranked 19; home energy management company Energate, at 34; and TITUS, which came in at 50. Of those companies, only Solace Systems made last year’s Fast 50.
Korea’s sole securities exchange operator, has selected Solace’s messaging appliances as the core data delivery infrastructure for their new high-speed exchange platform. The new system, called EXTURE+, is the KRX’s next-generation trading system that offers low latency trading across many asset classes including equities, bonds, and derivatives.
After a summer of success in closing contracts with small firms in the financial services sector, Solace Systems is moving up-market in response to growing interest in its hardware appliance messaging solutions from large investment banks seeking to cut cost and complexity out of IT infrastructure while improving performance and coping with big data requirements.
The Solace appliances, which have replaced homegrown middleware, have been adopted to provide Akuna with a fast, scalable and fully redundant infrastructure that allows them to focus resources on optimizing their differentiating trading strategies.
Fluent Trade Technologies, a New York-based provider of hosting, connectivity, data storage and distribution systems and feed handlers, is using Ottawa-based Solace Systems’ messaging middleware appliance as the data distribution layer for its solutions, enabling transfer of market and trading data between its front- and back-office systems, and between Big Data warehouses and client interfaces, to support its customers’ trading strategies.
Fluent Trade Technologies has today announced a strategic partnership with Canadian connectivity infrastructure provider Solace Systems in order to provide a trade messaging middleware solution to the firm’s trading system. This year’s somewhat gargantuan steps made by connectivity, hosting and big data firms wishing to increase their level of technological prowess has so far been an interesting dynamic, and Fluent Trading Technologies’ widening of scope is in line with this.
Solace Systems Tech Used to Improve Natural Disaster Response Time in Japan
A Japanese university has selected Solace Systems’ messaging solution to help monitor the country’s public infrastructure. The University of Aizu will use the local firm’s technology to monitor roads, bridges and buildings across Japan. The initiative aims to accelerate the response to and recovery from natural disasters.
Solace Among Ottawa’s Fastest-Growing Firms
Deloitte’s Tech Fast 50 list included Kanata-based middleware provider Solace Systems, which just missed the top 10 with a ranking of 11 and revenue growth of 1, 512 percent over the past five years.
The combination of Node.js and Solace makes it easier and less expensive to build, deploy and scale web applications by enabling the event-driven distribution of information with a fraction of the code and datacenter resources needed using other methods.
FPGA-Based Middleware: Moving Messages en Masse
Solace makes high-performance messaging appliances designed to distribute real-time information to thousands or even hundreds of thousands of recipients at once and with high reliability. This is middleware on steroids, to coin a phrase. The decade-old technology is catching on rapidly in all sorts of industries.
With ever-greater demand for processing capabilities, the emergence of cloud computing and the number crunching associated with big data, the data grids — as they are generally termed — have gained more attention and are now available from vendors large and small. “The increasingly distributed nature of information also introduces the need to carefully consider requirements in the area of high availability, fault tolerance, disaster recovery and business continuity, ” said Shawn McAllister is CTO of Solace Systems Inc.
Solace provides high-performance messaging appliances – the fastest, most cost-effective messaging on the planet that helps power information flow for many of the top wealth management platforms.
“We get an effective, scalable and performant messaging system in one offering from Solace’s Unified Messaging Platform: one that meets a wide range of our messaging requirements and the leading edge pricing execution technology we are building, ” said Kieron Drake, CTO at Mercuria.
Hardware messaging technology provider Solace Systems has enlisted technology design and strategy consultancy Lab49 as a partner to distribute its messaging technology as part of custom trading solutions requiring low-latency data that Lab49 builds for financial services clients.
Most of Ottawa, Canada-based messaging technology vendor Solace Systems’ West Coast clients are in industries outside the financial markets. Local financial clients tend to be hedge funds, retail brokerages and retail banks—but these are becoming a larger part of Solace’s business as the vendor expands from serving low-latency front-office requirements to providing broader messaging infrastructures to firms experiencing the same pain points around speed, throughput, and reliability as larger institutions.
Solace Upgrades Messaging Appliance Caching, Hardware (subscription required)
Ottawa, Canada-based hardware messaging provider Solace Systems has updated its middleware appliances to include a cascading cache to support local caching of data from elsewhere on a wide-area network, and upgraded hardware to improve speed and throughput. Larry Neumann, senior vice president of marketing at Solace, says the updates are specifically optimized for firms seeking to move data across WAN environments with the most efficiency, and will appeal most to medium-sized and large trading firms with presences in multiple market centers hedging across different markets.
In an age where technological advances are being driven forward at an increasingly breakneck pace, FX single dealer platforms (SDPs) have emerged as hubs of innovation, feeding data and trade execution services across a growing variety of channels. “Single dealer platforms now offer quite a rich user experience. You can have information such as FX quotes or market news pushed your way based on the currency that you are looking at. Traders are using SDP chat rooms to exchange trading ideas and rumours, ” said Shawn McAllister, CTO of Solace Systems.
Big Data and Cloud Data-Center Analytics: Solace Systems
There is also a fever brewing around PaaS (Platform as a Service), and it’s all about standardizing key middleware software into the Cloud. This field will overlap with the growing focus on Big Data as analytics vendors who specialize in data-centres redefine their products accordingly. As a core Cloud technology, Solace is active in these areas. As a PaaS component they’ll replace pieces of off-the-shelf PaaS bundles when the limitations of these components is reached in areas like performance.
Solace to Power Weather Forecasts
From distributing messages between stock hounds, Ottawa’s Solace Systems Inc. is now extending its reach to parsing weather changes seen from a future earth-gazing satellite. Winning a contract from Harris Corp. for NASA’s future GOES-R satellite is part of the growing emphasis Solace is placing on the public sector.
Craig Betts, chief executive and founder of Solace Systems, which makes hardware for speeding the flow of data in corporate networks. Mr. Betts founded the firm in 2001, with Terence Matthews as an early investor, and has quietly assembled a set of first-class managers. He has also raised more than $80million in venture financing, which means at some point he will feel pressure to do an initial public offering.
Solace Wins Deloitte Fast 50 Leadership Award
BTI Systems, Solace Systems and Wi-LAN Inc. were all named to Deloitte’s Tech Fast 50 list. Solace also won a special leadership award as part of the Fast 50 list in the category of hardware, for “demonstrating their ability to create a distinct competitive advantage in a high-growth market, which allows them to dominate their sector, ” said Deloitte’s Ottawa marketplace leader, Mark Noonan. Mr. Noonan said Solace would have appeared in the top 10 of the list, but missed out because the company records its revenue according to an off-calendar year. “If we look at their current year revenue model, they have achieved accelerated revenue in 2011. If we were to annualize that, (Solace’s) growth rate would almost be 2600 per cent, which would have been top 10 on the list, ” he said.
When it comes to improving real-time response rates in the FX trading world a number of factors come into play in terms of the whole technology stack – from messaging and front-end technologies for data distribution to execution latency and the network layer. Handling one aspect at the expense of another rather than addressing matters holistically is flawed and ultimately could prove costly.
Online gambling company bet365 has deployed a new unified messaging system to bolster the efficient transfer of critical data across its data centres and support its ongoing cloud strategy.
The Advanced Message Queuing Protocol (AMQP) Working Group has become the newest Member Section within the OASIS international open standards consortium. Vendor-neutral and platform-agnostic, AMQP is an open business standard for messaging that avoids proprietary technologies, offering the potential to lower the cost of enterprise middleware software integrations through open interoperability.
WAN Application Infrastructure? Off with its Head! (login required)
I was watching the HBO series Game of Thrones the other night, and as the various kings and lords were forming alliances and drawing battle lines, it struck me how similar their world is to today’s capital markets. Charismatic leaders, high risks, huge rewards, complicated politics — the metaphor easily extends in a lot of directions.
The CNSX is in the midst of deploying appliances from Solace Systems to manage its market data broadcasts. The Solace integration will allow CNSX to insulate the trading system better, said interim CEO Richard Carleton.
Simplifying the Deployment of Single Dealer Platforms (login required)
Impact 2011 Recap: Monitoring Low-Latency Middleware at Barclays Capital Using WebSphere DataPower
As Barclays engages in data center consolidation, the Solace Systems 3260 Content Router and the IBM DataPower XM70 preempts bottlenecks to avoid outages as the concentration of messaging becomes greater and risks become heightened. Data center consolidation also allows for VPN partitioning, improved utilization and with blade-based technology scalability can be increased without requiring additional cabinet space.
Bringing Sexy (to the) Back (Office)
However sexy the technology and loud the industry chatter, it’s important to remember that low-latency, high-frequency trading represents just a sliver of capital markets IT spending and overall capital markets activity. The winds of change are coming. A recent Aite Group study on 2011 capital markets’ technology spending showed that business agility, operational efficiency, compliance, risk management and reducing costs all ranked higher than latency reduction as a spending priority.
Solace to Stream Real-Time Market Data Over Web
This new feature of its Unified Messaging Platform, called Solace Web Messaging, will help securities firms develop applications for desktop and mobile devices that rely on real-time market data. This can include dashboards for traders, coming out of what are called single-dealer platforms from investment banks.
“Leveraging its wealth of low-latency enterprise experience, Solace presents a revolutionary shift in pushing real-time data over the internet, ” said Matt Davey, CTO at Lab49, a technology consulting firm that builds advanced solutions for the financial services industry.
‘Monitoring Agent’ to Deliver Real-Time Tracking of Message Speeds
Solace, which is a supplier of “purpose-built” hardware, and Arista, which provides “cloud” services to large data center operations, intend to aggregate data from Solace’s middleware monitoring framework and Arista’s Latency Analyzer service.The result will be consolidated operational data that is intended to help technology departments increase the availability and performance of high-speed messaging systems.
Q&A: Craig Betts of Solace Systems
on Latency Beyond Algo Trading
Low latency messaging use is expanding beyond traditional algorithmic trading applications to address wider business requirements. Meanwhile, issues such as reliability, manageability and cost are becoming more visible. Low-latency.com discussed low-latency messaging directions—and messaging directions in general—with Craig Betts, CEO of Solace Systems.
Solace Inks Deal with LSE Group
Solace—one of Canada’s fastest growing tech firms—will provide the LSE Group with messaging infrastructure that connects the real-time trading system and the downstream system used for surveillance, data warehousing, post trade processing and billing.
Solace Systems, a provider of hardware-based middleware, announced that the London Stock Exchange Group (LSE Group) has selected Solace’s Unified Messaging Platform to provide a high throughput persistent messaging infrastructure for their new Downstream Staging System.
Toronto’s TMX Group just let it be known that it’s using Solace Systems’ message routers to distribute its market data. That makes it the second Canadian exchange group to go public with such news, following CNSX Markets, (better known by the Canadian National Stock Exchange and Pure Trading exchanges that it operates) which revealed its planned adoption last September.
Solace Signs Partnership for Japanese Growth
In a release Monday, Ottawa’s Solace stated it would do hardware-based middleware products business for domestic financial services providers in Japan. “Financial firms in Japan are experiencing more demanding requirements for performance and reliability, pushing existing systems to their limits, ” said Kent Nash, Solace’s regional vice president, Asia Pacific.
Solace to Ramp Up Messageware Effort in Japan
Solace Systems said it is ramping up expansion of the marketing of its messaging middleware appliances in Japan. Solace, based in Ottawa, Canada, said it reached an agreement with Serisys Solutions to “exclusively develop Solace’s hardware-based middleware products business for domestic financial services providers in Japan.” Serisys is based in Hong Kong, with offices in Tokyo, Shanghai and Singapore. The firm provides systems integration services to capital and banking companies in Asia.
Over the past year, the bank has taken a “build from the ground up” approach to the new trading platform infrastructure, creating it by combining internally developed portions with those provided by suppliers like IBM, switch provider Arista Networks, and hardware-based middleware provider Solace Systems. “We build in the business layer to differentiate the product. We buy best-of-breed infrastructure and we partner with vendors like Solace and Arista to move performance-sensitive business layer components to the infrastructure, ” says Seth Gelberg, CTO of global equities and futures at RBC.
Over the past year, the bank has taken a “build from the ground up” approach for the new trading platform infrastructure, creating it by combining internally developed portions with those provided by suppliers like IBM, switch provider Arista Networks, and hardware-based middleware provider Solace Systems. RBC has deployed Arista’s 7124 line of extensible network switches, as well as a series of Solace Systems’ 3260 line of routers to act as the platform’s message bus, which will also eventually replace the bank’s six or seven existing message buses.
F5 Networks Executive Joins Solace Board
As one of F5’s original employees, Matte was influential in helping the company pioneer the load balancing industry which is now a critical component of networking infrastructure. Prior to F5, Matte worked with Memotec Communications, an innovator in frame relay and voice-over-frame-relay technologies, and founded REON Corporation, a company specializing in secure remote access and wireless data communications.
FPGAs, Established for Market Data, Now Being Leveraged for Transactions, Pre-Trade Risk
Field Programmable Gate Arrays (FPGAs) — providing hardware-based acceleration for processing typically performed in software — are being increasingly adopted for financial markets applications, with signs that their use is moving beyond boosting market data delivery, to address transactional performance as well.
Matthews-inspired tech alliance partners with EDC
Export Development Canada has announced a partnership with the Secure City Technology Alliance, a group of local tech companies in the physical security and telecom markets.
Hardware messaging vendor Solace Systems has boosted its sales and pre-sales teams worldwide with a raft of new hires.
Solace Systems, the provider of messaging middleware appliances, has announced that it has closed a round of growth equity financing from Tandem Expansion. Solace plans to use the funds to accelerate its expansion.
“As the CTO of a world-class firm whose core business is data delivery and with many years of executive experience in the financial services industry, Mr. Powell is uniquely qualified to offer our business guidance, ” said Craig Betts, CEO of Solace Systems. “We’re delighted that he has chosen to join our board and will benefit greatly from the experience and knowledge he brings to the table.”
Performed by the Defense Threat Reduction Agency (DTRA), the operational interoperability assessment simulated a real-world situational awareness scenario. During the assessment, Solace’s products proved their ability to send and receive operationally dissimilar messages, transform messages in and out of numerous standard and proprietary formats, guarantee the delivery without loss or duplication of data, and stream messages in real-time onto multiple types of operational displays including Falcon View and Google Earth.
Former NATO Commander on Board at Matthews Firm’
Solace Systems, one of the lesser known names in the Terence Matthews stable of new companies, is working hard to raise its profile. It has just named retired U.S. army Gen. Wesley Clark, a former NATO Supreme Allied Commander, former presidential candidate and a high-profile television commentator, to the board of directors.
CNSX Seeks Solace for 500-Microsecond Savings on Messages
CNSX Markets said it will install middleware from Solace Systems, to speed up messages and increase capacity on its Canadian National Stock Exchange and its alternative venue, Pure Trading. The Toronto developer of electronic marketplaces said it expected to shave 500 millionths of a second off messages, using the Solace technology, which it tested prior to committing to introduce it to its trading systems.
An advantage of TCP is guaranteed message delivery, though it starts to queue messages if a consuming application slows down. “And if two or three people start to have issues, data can start to back up and create issues for other clients… so pushing that load onto Solace means we have a dedicated box to handle things like retransmissions, ” he says. “Once we’ve pushed this job onto the Solace infrastructure, we are confident that the increase in capabilities and capacity will be dramatic, and that we will be able to handle many additional customers and increases in messaging rates.”
CNSX Taps Solace for Market Data Distribution
According to CNSX VP of corporate development Richard Carleton, the exchange group currently has some 800 customers taking market data services – driven from its Nasdaq OMX-supplied exchange systems. Because the feeds use TCP/IP communications, “measurable latency” currently exists in disseminating data. That latency will be “eliminated” by offloading the communications processing to the Solace appliances, suggests Carleton. As well as addressing latency issues, the appliances will allow CNSX to maintain peak data rates from its exchange systems, and have the appliances take care of “slow” receivers, by buffering individual data streams.
Solace Systems, the provider of middleware appliances, has announced that Standard Chartered (SCB) PLC has selected Solace Systems to provide the messaging infrastructure for their foreign exchange trading platform. Solace 3260 message routers will initially be deployed in Singapore, Kuala Lumpur, London and New York to provide messaging between Standard Chartered trading venues.
Solace Messaging Tests Out at Below 400 Billionths of Second
The high-speed services firm said the completion of a series of performance tests using the Solace Unified Messaging Platform in combination with a Cisco Unified Computing System C200-M2 server achieved the sub-400 billionths speed. The tests between two cores in a single processor showed that Solace’s application programming interface delivered as many as 2.97 million messages per second with an average latency of 388 nanoseconds and a 99th percentile latency of 480 nanoseconds.
Secure City Technology Alliance
Targets Fusion Centers and EOCs
A group of eight Canadian companies has formed a technology and marketing alliance aimed at delivering integrated video, messaging and sensor networks to urban and regional emergency operations centers. Solace’s message and content routers were originally developed for the financial trading industry, and can support messaging from radiological or chemical sensors and nuclear power plants or industrial refineries, said Wu. From there, it’s only a small step to introduce the messaging platform into consolidated urban EOC.
The companies said their partnership will integrate messaging middleware appliances offered by Solace and Layer 7’s SecureSpan Gateways to offer developers the flexibility to create cloud based virtual environments complete with enterprise service buses (ESBs) and a high level of security and management options.
Solace’s hardware-based messaging filters and routes full market data feeds into narrowcast streams which can be directly fed to Streambase CEP engines for market data analysis and trade decision making. Solace and StreamBase together provide a platform for very low and consistent latency while enabling faster trading and improved risk management across multiple asset classes – especially equities, options and FX, according to the vendors.
This release includes many new features and optimizations that aim to provide additional benefits to its hardware-based platform as compared to software alternatives. The release features several messaging firsts, virtually all of which were suggested by customers in various stages of deployment on Solace’s platform.
The platform is capable of supporting numerous application-based messaging functions within Two Sigma, which has multiple offices and several billion dollars of assets under management. Two Sigma claims to have conducted research and testing of competitive messaging solutions before selecting Solace for its performance and high reliability. Solace’s message routers are projected to reduce the datacenter footprint of Two Sigma’s messaging infrastructure while also providing improved monitoring and management.
New York-based hedge fund Two Sigma Investments is rolling out messaging technology from hardware-based middleware vendor Solace Systems to accelerate its data and trading infrastructure, and reduce its technology footprint. The first phase of the project-migrating undisclosed internal applications to the Solace messaging infrastructure-will go live this month, with the firm planning to migrate legacy messaging products to Solace later this year.
Due to the increases in market data such as order flow, “we were frankly pushing our legacy systems to their limits, ” said Keith Piraino, head of enterprise architecture at Liquidnet, a block-trading venue that recently announced plans to transition from software to hardware-based middleware from Solace Systems.
“We evaluated 10 different vendors for a solution and learned during this process that things are moving more into hardware, ” he added, citing lower latency, the consistency of that lower latency, and lower costs among the reasons why Liquidnet chose to undergo hardware acceleration.
Liquidnet Rolls Solace For Global SOA Backbone
Liquidnet, an electronic marketplace for institutional block trading, is rolling out Solace Systems’ Unified Messaging Platform to underpin its low-latency Service-Oriented Architecture (SOA) platform. The platform will support its block trading, algorithmic trading, analytic and back-office functions. Live since last month for Liquidnet’s U.S. operations, it is slated for European roll out later this year, and in Asia in 2011.
Prototype embeds Redline’s Inrush ticker plant card within the Solace hardware-based messaging platform to deliver ultra-low latency market data.
The combination of Redline’s InRush embedded ticker plant solution and Solace’s Unified Messaging Platform aims to provide customers with a full solution for consistent, ultra-low latency market data acquisition and distribution.
Solace Systems Partners With Redline Trading Solutions
The joint solution would provide customers with a single box that leverages hardware-based technology for both feed handling and distribution to achieve very low and consistent latency. By consolidating both ticker plant and distribution to local and remote applications on a single appliance, network complexity as well as power, cooling and datacenter space are all reduced, the companies explained.
After evaluating several messaging technologies, Liquidnet chose Solace’s messaging middleware for its ability to accelerate information distribution under all circumstances, its fast, consistent and predictable performance, ease of use and high available architecture, officials said.
Block trading venue Liquidnet has begun implementing the Unified Messaging Platform from hardware-based middleware provider Solace Systems, replacing its previous software-based systems from Tibco and 29West, according to Liquidnet officials.
Liquidnet boosts messaging speeds with Solace router
Agency broker and buy-side crossing network operator Liquidnet has selected Solace Systems, a provider of hardware-based middleware, to provide messaging technology for its liquidity matching service.
Liquidnet has selected Solace Systems’ Unified Messaging Platform as a key component of its liquidity matching service. Liquidnet is using the Solace 3260 Message Router to accelerate messaging around the world.
Liquidnet Selects Solace Systems for Messaging
Institutional marketplace Liquidnet has selected Solace’s Unified Messaging Platform as a key component of its liquidity matching service, Solace said Tuesday. Liquidnet is using the Solace 3260 Message Router to accelerate reliable and guaranteed messaging around the world. Solace’s equipment is live in production use today.
Solace Systems, the provider of hardware-based middleware, announced that Liquidnet has selected Solace’s Unified Messaging Platform as a key component of its liquidity matching service. According to a release, after evaluating several messaging technologies, Liquidnet chose Solace’s messaging middleware for its fast, predictable performance, ease of use, and high availability architecture.
TS-Associates, Solace Integrate Messaging Technology
Ottawa-based middleware provider Solace Systems and TS-Associates, a provider of middleware monitoring solutions, have integrated their appliances at the request of several of Solace’s customers in the financial services sector, including a large multinational bank, both companies said today.
As a result of a mutual banking client’s request to cut its latency, latency monitoring platform provider and consultancy TS-Associates is adding support for Solace Systems’ hardware-based Unified Messaging Platform middleware to its TipOff monitoring appliance.
Hardware-based middleware vendor Solace Systems has partnered with data consultancy and latency monitoring.
Solace Teams with TS-Associates for
Hardware-Based Latency Measurement
Solace Systems is beta testing a version of its hardware-based Unified Messaging Platform that integrates TS-Associates’ TipOff monitoring system. The solution is aimed at helping financial firms measure and optimise latency in high-performance messaging infrastructures.
Solace Systems, the provider of hardware-based middleware, has announced that TS-Associates, provider of the solution for the precise monitoring and management of low-latency messaging infrastructures, has added support for Solace’s Unified Messaging Platform. TS-Associates’ monitoring appliance, called TipOff™, precisely measures and optimizes latency in high-performance messaging infrastructures like those enabled by Solace’s messaging appliances.
The problem DHS faces are the sheer amount of locations and different sensors and systems involved to monitor the nuclear industry and the environments surrounding them. Centralizing the EXDL exchange of data brings architecture and data management increases risks that should the system experience a failure at a primary (and backup) location where monitoring and data flows are being feed. Solace Systems has built a system that facilitates the needs DHS required to fulfill this daunting challenge and was awarded a DHS contract to implement it for the Domestic Nuclear Detection Office (DNDO) use.
The Homeland Security Department’s Domestic Nuclear Detection Office is adding geospatial routing technology to its data distribution system to improve threat monitoring and response capabilities across local, state and federal emergency management organizations. The office is using Solace Systems’ Geospatial Routing Blade, which gives the company’s Solace 3260 message routers the ability to distribute information based on geospatial coordinates contained within the data stream.
Larry Neumann, Solace’s vice president of marketing and alliances, chats with Greg Hebert about the company’s inroads into the government space through the company’s new geospatial routing blade, partnership with Thermo Fisher Scientific, and new customer the US Department of Homeland Security’s Domestic Nuclear Detection Office.
Solace Secures Deal Through Thermo Fisher Partnership
Solace Systems has announced a partnership with R&D giant Thermo Fisher Scientific, with the combined solution already landing its first customer, the U.S. Department of Homeland Security.
The lucrative messaging business has attracted a number of companies, including TIBCO Software, 29West, IBM, RTI, Tervela, NYSE Technologies, and Solace Systems. Of these, Solace has been one of the most aggressive in attacking the latency issue. The company’s big claim to fame is its hardware approach to message acceleration.
How Barclays Chose Its Messaging Middleware
“It was just about a year ago, on September 15, 2008, that Lehman declared bankruptcy and Barclays agreed to acquire its North American investment banking, and fixed income and equities sales, trading and research operations businesses. On the morning of this almost-anniversary, Stephen Neal, director, middleware at Barclays Capital, told attendees at the High Performance Computing on Wall Street show about the challenge of integrating the former Lehman businesses into the Barclays infrastructure, which spurred his quest for a new middleware solution. Neal started the selection process in 2006 and gradually whittled his middleware vendor pool from 13, to four and finally to one. In the evaluation process, his most important consideration was the deviation from peak latency to average latency and ouliers. “A small amount of deviation and predictability were key for us, ” he sayd. His group simulated a trading environment to test the products, and Solace’s 3260 Content Routers came out the winner. The firm now uses Solace to integrate messaging applications spanning the front, middle and back office.”
OASIS Emergency Interoperability Summit Explores Advances in Next Generation Alert, Warning, Resource Management, and Hospital Coordination
Solace will participate in an interoperability demonstration showing the use of CAP and EDXL in a train accident scenario involving a chemical leak compounded by the threat of tornadoes. Working with scenario details provided by NOAA and the State of Virginia, the Interop will demonstrate how standards can be used for HazMat dispatch, Emergency Alert System (EAS) notices, transportation of injured firefighters to appropriately equipped hospitals, and weather radio alerts.
Preventing the Two-Minute Meltdown
“This time around, it took financial markets about two years to melt down. The next time it could be two minutes. That’s because success in trading is now measured in how few feet your electrons travel. With high-frequency trading your algorithm has to beat he other guy’s algorithm to the punch by microseconds.
The Un(?)fair Advantage of Latency Arbitrage
“Technologically advanced traders are giving themselves an advantage that some people feel is just that unfair. Using techniques and technologies Iâ€™ll describe below, they squeeze every last microsecond of latency out of their market data feeds and trading systems to give themselves a sneak peak of market prices thatâ€™s measured in milliseconds. Thanks to powerful algorithms and high-speed order executions systems thatâ€™s enough time for them to engage in â€œlatency arbitrageâ€ â€“ the buying and selling of equities based on small price changes that have not yet been broadly recognized due to the varying speeds of market data delivery systems.”
“There are lessons to be learned for SOA and middleware in the evolution of network computing. Networking started with complex designs, but eventually, network switches served as reliable building blocks for network architects. Solaceâ€™s single API is said to work across middleware types that include high-fan-out, guaranteed MQ, as well content routing and transformation types.”
The rise of hardware in messaging systems?
“Messaging is the sort of technology that’s easy to take for granted. These days we sort of assume that all applications are in touch with one another. We get sort of indignant when we realize that lots of applications and data are still islands unto themselves. But the ability of all programs across an enterprise to communicate and share is on the rise, especially on Wall Street, where messaging is a competitive necessity.”
Solace Touts ‘Unified’ Platform
“Larry Neumann, senior vice president of marketing and alliances at Solace, says the vendor received multiple requests for a distributed cache, to capture data from the messaging bus, and to be able to access data from applications. Neumann says the vendor has also halved the latency of its guaranteed messaging to around 100 microseconds, from around 200 microseconds when first introduced last year.”
“Why is hardware acceleration so important? According to Solace Systems, if 10 traders are interested in IBM’s share price, a unique IBM quote will be sent separately to each trader. This represents a fan-out of 10. Doing this in software is very slow. Instead, SolaceSystems does all of its TCP processing in hardware, using a massively parallel architecture, which it says is quick enough to support the low-latency, high-volume environments required on trading desks.”
“Solace Systems will use this week’s SIFMA Technology Management Conference to roll out an upgrade to its messaging appliances and to position them as a Unified Messaging Platform (UMP), providing a range of messaging capabilities, including high fan-out, low-latency, guaranteed delivery and wide area networking. Also being introduced is a distributed cache offering and partnerships for legacy system connectivity and enhanced systems monitoring.”
MetaBit taps Solace Systems content routers for trading platforms
“Solace Systems, the leader in messaging middleware and content networking hardware, today announced that Tokyo-based trading technology provider MetaBit has selected Solace 3260 Content Routers to boost the performance of their trading platforms.”
“In order to boost the performance of its trading offerings in the Asia-Pacific markets, trading technology provider MetaBit plans to embed low-latency, high-throughout Solace 3260 Content Routers from hardware-based middleware and messaging technology vendor Solace Systems, officials plan to announce tomorrow.”
“As with Solace’s current eight and four port 1 GigE Network Acceleration Blades, the 10 GigE Network Acceleration Blade is fully compatible with all other Solace hardware content blades. This new blade expands the product set to offer companies adopting 10 GigE even higher throughput and lower latency for all their content networking applications.”
“Hardware-accelerated messsaging specialist Solace Systems has introduced the Solace 10 Gigabit Ethernet (10 GigE) Network Acceleration Blade for use within Solace Content Routers. This blade is targeted at high data rate/low latency applications.”
Solace, GigaSpaces Team on Clusters
“Solace’s innovative hardware was specifically designed to support the high-throughput low-latency exchange of information across distributed environments with the highest quality of service that is not available via pure software solutions.”
“Solace’s hardware-based messaging middleware has built-in sequencing technology, compression and other WAN-optimization features implemented in hardware so that it can send many messages at a time without waiting for each confirmation.”
Solace Systems to Improve Cross-Agency Communication for Homeland Security
“EDXL-DE ensures that all kinds of real-time updates, whether they are aerial photos, chemical weapons detection sensor data or ground coordination plans are delivered within milliseconds to organizations which need, and are authorized to receive, that kind of information.”
“The investment banking division of the financial services giant will use the solution comprising software and hardware as its enterprise-wide high-speed messaging platform, which will integrate front-, middle- and back-office applications. The deal is expected to generate cost savings related to development, datacentre and support costs and simplify the division’s IT infrastructure.”
“Keep an eye to the sky in 2009 where you’ll see frenzied activity in the Cloud Computing space where new services, new companies, lower prices, and beneficial partnerships await you. There’ll be new companies worthy of your investment in both time and money.”
Solace was listed as a “Company to Watch” along with Akamai, Amazon, Gigaspaces, Joyent, Salesforce.com and others.
Solace Systems, which provides hardware-based messaging middleware, has collaborated with Arista Networks and Intel’s NetEffect unit to demonstrate an ultra low-latency data delivery solution using hardware platforms.
Hardware Providers Set Latency Standard
Solace Systems, the leading supplier of high-speed, low-latency content networking systems, today announced a collaboration with Arista Networks and NetEffect, an Intel company, to demonstrate how specialty hardware platforms can optimize both the peak performance and consistency of ultra-low latency data delivery under the most demanding conditions.
Millisecond market; How router box offers Solace to buffeted financial traders
Financial traders who have been buffeted by a wild roller coaster ride in the markets over the past several weeks would undoubtedly welcome any tool to make their job easier. While Ottawa’s Solace Systems, Inc. can’t provide a crystal ball to help them make sense of all the recent gyrations, they do specialize in technology designed to give traders fast, accurate access to vital market information necessary for decision making.
Hardware Accelerators Are One Way to Help Wall Street
There was plenty of discussion at this week’s HPC on Wall Street conference about the advantages specialized hardware can bring to market analysts and traders. Sellers of these products were all over the place, their booths were busy, and several sessions on the subject were standing-room only.
Where the last message routing solution STAC tested was able to send 6, 000 persistent messages per second with five milliseconds of latency, Solace’s Content Router was found to forward 100, 000 persistent messages per second with less than one millisecond of latency, a significant latency improvement.
TIBCO Announces Messaging Appliance Based on Solace Hardware
TIBCO’s announcement of a messaging appliance based on Solace’s hardware that will accelerate the performance of TIBCO Rendezvous software.
TIBCO Enters Hardware Market with its First Integrated Messaging Appliance
TIBCO has made its first foray into hardware with the unveiling of a hardware messaging appliance designed to accelerate its low-latency TIBCO Rendezvous messaging software.TIBCO has chosen vendor Solace Systems as its manufacturing partner to bring its new messaging appliance to market
TIBCO Entering Hardware Space
Messaging appliance to work with the Rendezvous messaging product family readied for ultra-low-latency deployments.
Frank Kenney’s recent report includes Solace and highlights vendors in the Infrastructure Appliance segment that are interesting and innovative.
Solace today is introducing a new version of its content-routing technology — that is, hardware-based messaging that competes with high-speed messaging and middleware software from 29West, BEA, IBM, Tibco and Oracle.
The robust Solace 3260 holds up to 10 special-purpose hardware networking blades to provide the best-in-class performance, manageability and low cost of ownership required by today’s distributed application architectures.
Solace Introduces Next-Generation Content Networking Router and Blades in Technical Arms Race
Solace has launched the Solace 3260 Content Router, capable of processing millions of messages per second thanks to its modular hardware blades and microsecond latency.
Solace Upgrades Messaging Appliance
Solace senior vice president Larry Neumann says the new 3260 appliance, which occupies four units of rack space compared to the previous two units of the previous 3230 router, will increase throughput when routing, filtering and transforming content from millions to tens of millions of messages per second, and reduce latency to less than 100 microseconds.
Hardware and networking infrastructures should be the building blocks of any market participant’s algorithmic and automated trading capabilities. Automated Trader asks leading providers to share their views on the latest techniques and technologies.
Banks to Increase Low-Latency Spend
The market for low-latency messaging middleware is set to rise from $95 million in 2007 to $168 million in 2010 as investment banks ramp up spending on the technology to cope with rapidly increasing message volumes.
Content-Aware Networks in the Financial Industry
How a single high-throughput, low-latency content-aware network can simultaneously support many financial services applications spanning the front-office, back-office and wide-area distribution requirements.
Smart Networks Article
Networks are begining to understand the specifics of the content flowing through networks and the context within which people and applcations may benefit.
Everyone on Wall Street wants to eliminate data latency. But data doesn’t sit in one place for long. It passes among market participants, through myriad network switches, servers and applications.
Bionic Financial Infrastructure
What financial firms have always done in software is now increasingly possible in hardware, enabling capabilities that simply weren’t possible in software alone, at substantially higher performance.
Risks Multiply with IT Investments
As companies continuously strive to lower costs, reduce assets and improve quality, their supply chains are transformed, often faster than their ability to recognize the changes that have taken place.
The Evolution of Networks beyond IP
To understand how networks are evolving beyond Internet protocol (IP), we must begin by looking at the trends and challenges faced by the primary consumers of network connectivity, which are the array of enterprise and consumer applications and services that sit just outside the network edge.
President and Editor-in-Chief of TMC talks about Solace’s value-added routing platform and the application layer routing market.
Enablers Ally on Dynamic Information Bundling for Global Logistics Coordination
Solace Systems, Core Transport Technologies aim to help 3PLs, 4PLs more effectively manage resources across the supply chain
Building a Content-Aware Network
This article discusses the benefits of a content-aware network for IPTV applications.
Service Delivery and XML: The Path to Carrier SOA
This report looks at XML networking technology and its suppliers in the context of how XML is likely to be deployed by telecom network operators and service providers. (Note: there is a fee to view the contents of the entire report.)
Bringing Application Awareness to the IP/MPLS Service Provider Cloud
SOA and Web Services promise to greatly simplify the implementation of distributed computing applications.
The systems that support today’s business processes are increasingly built using Web services – loosely coupled, self-contained elements of function that need to communicate with one another to fulfill business tasks.
No one wants to compete on price. So why do telecommunications companies–-some of the world’s largest high-tech, business-savvy companies in the world–find themselves advertising ever-faster connections at ever-lower prices?
Application-aware networks (often called XML-aware networks) involve a new class of networking routing hardware that aims to:
1) Differentiate service providers’ IP/MPLS offerings
2) Enable new managed-services revenues
3) Provide enterprises with an opex-based alternative to traditional capex-based messaging solutions
Exploring Content-Aware Network Appliances
Content-aware networking received a big visibility boost this past summer when Cisco announced its Application-Oriented Network (AON) product strategy (see “Embedding Apps in Network Devices?” BCR, September 2005).
Behind the Revolution – Technology driving next-gen networks…
The technology driving everything from next-gen networks to Web 2.0 has surprisingly deep links to experts and entrepreneurs in Ottawa.
The move to provision broadband voice, video and data services at the application layer via XML picked up steam last week. As executives from Telcordia Technologies Inc. toured the country to promote their Maestro Internet Protocol multimedia service (IMS) suite, IBM Corp. announced it acquired DataPower Technology Inc., one of the last independent providers of XML acceleration systems.
IBM acquires Datapower
IBM Corp. has acquired DataPower Technology (Cambridge, Mass.), removing from the field one of the last independent startups in XML acceleration. Following last summer’s acquisition of Sarvega by Intel Corp., the deal leaves only Tarari Inc. as a chip and software player, and Solace Systems Inc. as a developer of full XML server accelerator systems.
CISCO AON – Another Validation for Solace Systems
Earlier this spring, I met with Sir Terry Matthews at a Mitel Analyst event here in Toronto and we briefly spoke about Solace Systems, which is focused on application aware networking (i.e. XML routing). Having heard about Solace’s deployment at Allstream, I was already familiar with the company, but his enthuasism was so contagious that I had to go and check the company out myself at Supercomm.
Cisco Systems Inc.’s long-awaited response to Extensible Markup Language (XML) acceleration products was unveiled Tuesday (June 21) during a company event in Las Vegas
Telecommunications announces 10 Coolest Companies of 2005
With their wreckage strewn about the industry like crushed cars at a massive junkyard, countless so-called “hot” companies from past years provide striking evidence of the fate that awaits innovative companies that lack an understanding of the business of technology.
Firm ships message router
Solace Systems this week announced the general availability of its 3200 Series Multiservice Message Router.
Application-layer processing using Extensible Markup Language (XML) has become common enough to warrant standard silicon for XML processing and standard board-level blades for XML acceleration. Yet when Canadian startup Solace Systems Inc. was designing a router for application-to-application messaging, it chose to use custom silicon and a proprietary real-time OS for the resultant 3200 platform, its unique approach to messaging acceleration.
Enabling Carrier Service Differentiation
Looking to enable carriers to provide profitable next generation IP services, startup Solace Systems, Inc. today launched a product designed to support Web services, joining a growing trend of infrastructure vendors, including Cisco and Juniper, whom seek to recast business conducted on the Internet.