Bridge Growth Partners acquires VC-backed Solace Systems
U.S. private equity firm Bridge Growth Partners has acquired a majority stake in Solace Systems Inc, a Canadian provider of infrastructure messaging technology. No financial terms were released for the deal, which is intended to support Solace's global growth. With the acquisition, Tom Manley, senior principal of Bridge Growth Partners, and Alok Singh, its co-founder and managing principal, will join the company's board of directors. Founded in 2001, Ottawa-based Solace has been venture-backed since 2005, according to Thomson Reuters. Its current investors include Canadian firms Hawthorn Equity Partners, Tandem Expansion and Wesley Clover International.
6 April 2016•4 mins read
