Tom Sweeney

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Solace inks distribution agreement with Hong Kong firm

Posted by sweens on August 26, 2010


Published on August 24th, 2010
OBJ Staff
Ottawa Business Journal

Hardware-based middleware firm Solace Systems has signed an agreement with Hong Kong-based Serisys Solutions Ltd. to distribute Solace’s hardware products in China, the firms announced Tuesday.

Financial terms of the deal, which lets Serisys sell and service equipment to its banking and capital-market customers through mainland China and Hong Kong, were not disclosed.

In a statement, Solace said the agreement would position the firm well in a geographical area with great growth potential.

“Financial firms in China and Hong Kong are experiencing massive transaction volumes that are pushing existing systems to their limits,” stated Crispin Clarke, Solace Systems regional vice president, Asia Pacific.

“Working with a visionary firm like Serisys improves our ability to bring the benefits of middleware appliances to leading financial firms in one of Asia’s fastest growing markets.”

Solace specializes in manufacturing hardware “middleware” that allows computer applications, that previously couldn’t communicate with each other, to share information.

The Ottawa-based firm’s technology is also used in companies that deal in financial markets, governments, telecommunications and transportation.

http://www.obj.ca/Technology/2010-08-24/article-1693846/Solace-inks-distribution-agreement-with-Hong-Kong-firm/1

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