Solace Systems

Board of Directors

Sir Terence Matthews

Mr. Matthews is Chairman of Mitel Networks, a leading-edge provider of next generation IP communications solutions and a market leader for voice, video and data convergence. He is also Chairman of March Networks Corporation, a leading developer of IP multimedia applications and delivery platforms for broadband networks.

Prior to launching Mitel Networks, Mr. Matthews served as CEO and Chairman of Newbridge Networks Corporation, a company he founded in 1986. He was instrumental in maintaining the dynamism and vision of Newbridge from its formation and built the company into a leader in the worldwide data networking industry. When France-based Alcatel acquired Newbridge in May 2000, the company employed more than 6,500 people worldwide and recorded FY 1999 revenue of $1.8 billion. Before the creation of Newbridge, Mr. Matthews co-founded Mitel Corporation in 1972. Under his leadership, Mitel grew quickly to become a world leader in the design and manufacture of enterprise voice systems and products. In 1985, British Telecom bought controlling interest in Mitel.


Jose Medeiros

Mr. Medeiros is the President of Wesley Clover, the private venture capital firm of Sir Terence Matthews. Mr. Medeiros has been with several of Mr. Matthews’ group of companies since July 1993. Mr. Medeiros holds a number of senior management positions in Wesley Clover’s subsidiaries. He is currently the President of the Brookstreet Hotel and Celtic Tech Jet Limited. He was previously Chief Financial Officer of Celtic House International and Director of Taxation at Newbridge Networks. His current private company directorships include Wesley Clover Corporation, The Celtic Manor Resort, Solace Systems Inc., Natural Convergence Inc., Wesley Clover Solutions Inc. and BreconRidge Corporation. Mr. Medeiros is a chartered accountant and holds a Bachelor’s Degree in Commerce from the Université du Québec à Hull.


Christopher Payne

Mr. Payne has over 25 years of private equity experience, investing in over 25 different technology companies in North America. In the two years since Chris became a founding partner of Genuity Capital Partners, he has helped the business grow to over $200 million in assets with investments in 12 portfolio companies; one third of which are technology-related businesses. Prior to joining Genuity in 2005, Chris spent 5 years with CIBC Capital Partners as a Managing Director broadly responsible for a portfolio of investments including leading technology-related companies. From 1997 to 2000, Chris worked as a successful entrepreneur, business leader, and investor in several early-stage technology companies based in Palo Alto, California. During the late 1980′s, Chris spent over 8 years working on Wall Street with Merrill Lynch and The Blackstone Group.


Craig Betts

Mr. Betts is the president and chief executive officer of Solace Systems, Inc.