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|Industry||Computer Hardware and Software|
Les Rechan, President & CEO
Solace (formerly Solace Systems) is a middleware company based in Kanata, Ontario, Canada, that manufactures and sells message-oriented middleware appliances and software that routes information between applications, devices and user interfaces.
Solace was founded in 2001 by Craig Betts, with the idea of embedding messaging functionality in hardware. Between then and 2016, the company raised more than $60 million from venture capital firms. In 2016, New York equity firm Bridge Growth Partners acquired a majority stake in Solace with an investment of more than $100 million. In 2017, former Halogen Software CEO Les Rechan was hired as CEO of Solace, with Betts serving as the company’s executive chairman. The
Solace’s headquarters are in Kanata, Ontario, and the company has offices in Toronto, Redwood City, New York City, Tokyo, Chicago, New Delhi, Atlanta, London, Paris, Zurich, Mumbai, Sydney, Singapore, Hong Kong, Seoul, and Melbourne.
The company's primary markets are energy, financial services, gaming, government, manufacturing, telecommunications, transportation and logistics. Customers include SAP, Barclays, American Express, Jio, Airtel, NETS, Bet365, Crédit Agricole, DZ Bank, Harris Corporation, FXPro, Korea Exchange (KRX), Legal & General, London Stock Exchange Group, Menards, Mercuria Energy, RBC Capital Markets, Standard Chartered Bank, VoiceBase, Land Transport Authority, Tata Consultancy Services, TMX, Triton Digital and Unibet.
Solace PubSub+ software provides message routing and persistence functionality.
Solace PubSub+ Cloud is messaging middleware made available as a fully managed service.
Solace PubSub+ Appliances are hardware appliances that run the company's messaging platform as firmware. Messaging middleware appliances are rack-mountable network devices that implement messaging functionality in purpose-built hardware. The company claims that implementing these functions in hardware enables higher throughput and lower, more consistent latency than software alternatives.
- "'An excellent time to step on the gas': Majority stake bought in Ottawa tech 'jewel' Solace Systems". Ottawa Citizen. 7 April 2016. Retrieved 2018-06-22.
- "Former Halogen CEO Les Rechan resurfaces at Ottawa tech star Solace". The Globe and Mail. 8 September 2017. Retrieved 2018-06-22.
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