Solace Systems completes issuance of Class F preferred shares
Date Closed
October 18, 2010
Lead Office
Montréal
Value
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.