Solace Systems, an Ottawa, Ontario, CA-based provider of messaging middleware appliances, has closed a round of growth equity financing from Tandem Expansion.
In conjunction with the funding, of undisclosed amount, André Gauthier, managing partner of Tandem, will join Solace’s board of directors.
The new capital will be used to accelerate the company’s market expansion for its middleware appliances, which enable disparate enterprise applications and information systems to share information.
By performing this function in purpose-built hardware, Solace’s products accelerate information flow while reducing the cost and complexity of IT infrastructure.
Customers oif the company include global enterprises operating in many segments of the financial services market (buy side firms, investment banks, exchanges, and financial information providers) and other markets such as government, telecommunications, transportation and logistics, and utility computing.