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Solace Systems completes issuance of Class F preferred shares

Date Closed

October 18, 2010

Lead Office



17.00 Million CAD

On October 18, 2010, Solace Systems Inc. completed the issuance of Class F Preferred shares to Tandem Expansion Fund for gross proceeds of C$17 million.

Solace Systems, headquartered in Kanata, Ontario, develops message routers that let companies more efficiently move real-time information across their business and around the world.

Tandem is a growth equity investor that has been formed to make significant minority investments in Canadian technology companies with exciting commercial prospects and a unique value proposition.

McCarthy Tétrault LLP represented Tandem Expansion Fund, as investor.