Solace Corporation

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Solace
TypePrivate
IndustryComputer Hardware and Software
Founded2001
HeadquartersOttawa, Ontario
Key people
Denis King, President & CEO
Craig Betts, Founder and Chairman
Websitewww.solace.com

Solace (formerly Solace Systems) is a middleware company based in Ottawa, 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.[1] In 2017, former Halogen Software CEO Les Rechan was hired as CEO of Solace, with Betts serving as the company’s executive chairman.[2] In 2020, Denis King, the company's COO, was appointed as CEO of Solace, replacing Les Rechan who transitioned out of company and into the executive role of COO with PROS Holdings Inc.[3][4]

References[]

  1. ^ "'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.
  2. ^ "Former Halogen CEO Les Rechan resurfaces at Ottawa tech star Solace". The Globe and Mail. 8 September 2017. Retrieved 2018-06-22.
  3. ^ "New Solace CEO sees bright future for Kanata-based software firm". Ottawa Business Journal. 13 May 2020. Retrieved 2020-06-01.
  4. ^ "PROS Appoints Les Rechan as Chief Operating Officer". Financial Post. 13 May 2020. Retrieved 2020-06-01.

External links[]

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