Bridge Growth Partners LLC, the New York private-equity firm, acquired a majority interest in Solace Systems, the Ottawa provider of infrastructure messaging technology. Terms weren’t disclosed. Tom Manley and Alok Singh, co-founder and managing principal of Bridge Growth Partners, will join Solace Systems’ board.
Bridge Growth Partners Acquires Majority Interest in Solace Systems
6 April 2016
Bridge Growth Partners, LLC today announced that it has acquired a majority interest in Solace Systems, an innovative and leading provider of infrastructure messaging technology. Solace technology efficiently moves mission critical, real-time data across and between businesses and global ecosystems. Solace products, which are deployed in many global organizations across a wide range of industries, including financial services, telecommunications and manufacturing, enable enterprises to fully leverage the power of cloud computing, Big Data, the Internet of Things, and mobile computing within their corporate technology infrastructure.
“We are very pleased to partner with Bridge Growth Partners and are excited that they share our vision and commitment to putting customers first,” said Craig Betts, Founder, President and Chief Executive Officer of Solace Systems. “The Bridge Growth team’s resources and experience building technology businesses will help Solace Systems accelerate its global expansion.”
“We look forward to partnering with Craig Betts and his experienced, driven management team in pursuing and achieving an exciting new phase of opportunity and growth for Solace Systems,” said Tom Manley, Senior Principal of Bridge Growth Partners. “Together, we will focus on helping Solace accelerate growth by further investing in its go to market strategies, building a rich ecosystem with leading alliance partners, and leveraging the company’s proven and innovative technology. We believe Solace is well positioned to capitalize on the growing demands being placed on technology infrastructure, driven by rapid movement to the cloud and the influx of Big Data and the Internet of Things.”
Solace Systems, based in Ottawa, Canada, uniquely offers companies the choice of a proven high-capacity message router appliance for their core data sharing needs, and a software “virtual” message router for deployment in the cloud or remote locations. Corporate CTOs and CIOs — grappling with the stresses and increased demands on their legacy technology infrastructures due to rapidly growing information requirements and data volumes — increasingly recognize that Solace solutions can represent a critical component in achieving their mission to transform their capabilities. Solace customers are increasingly standardizing on Solace as the market’s highest performing, most reliable solution that supports all use cases at a significantly reduced total cost of ownership. Solace customers and commercial partners include Barclays, RBC, London Stock Exchange, Bharti Airtel, SAP, Tata, and Bet365, among others.
Tom Manley and Alok Singh, co-founder and Managing Principal of Bridge Growth Partners, will both join Solace Systems’ Board of Directors.