Solace to Demonstrate Financial Network Appliance

Hardware Solution Demonstrates High Performance and Reliability for Inter-Banking Connectivity Using Enterprise and Cloud Computing Links

OTTAWA, September 14, 2009 – Solace Systems, the leader in high-speed messaging hardware, today announced the demonstration of new technology to connect payment and capital markets enterprises as well as corporate treasuries via high-throughput, low-latency links using an innovative hardware appliance from Sun Microsystems. The technology is designed to be deployed either directly within private clouds or as on-demand services. The appliance will be on display in the Sun Microsystems booth (#3B04) at SIBOS 2009 in Hong Kong, September 14-18, 2009.

The solution offers many benefits to participants of inter-banking networks, including easier adoption of payment solutions, faster time-to-revenue and reduced operational costs. For cloud computing infrastructures or service bureaus running inter-banking connectivity, the financial network appliance provides higher performance for participants, reduced bandwidth costs and an enhanced platform for delivering new inter-banking services.

”This financial network appliance simplifies connectivity in an easy-to-use, very high-throughput device which improves the speed and ease of inter-banking connectivity,” said Rik De Deyn, head of payments solutions at Sun. “We are pleased to be working with Solace to deliver these substantial new capabilities to the market.”

The inter-banking connectivity appliance incorporates high-throughput, low latency Java Messaging Service (JMS) technology from Solace Systems with key Sun server, VPN, security and software assets to deliver a full-featured solution for connecting to financial payment networks. With this appliance, banks can easily integrate their back-office assets with payment networks using a private or shared cloud computing environment.

“Financial institutions are always looking for more flexibility, simpler solutions and lower cost of operations in their underlying infrastructure,” said Larry Neumann, senior vice president of alliances at Solace Systems. “Combining market-leading technologies from Sun Microsystems with Solace’s best-in-class messaging assets gives enterprises a smarter choice for secure, high-speed connectivity to the global banking network.”