David Barnes and Janet Perna Join Solace Systems’ Board of Directors

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Tom Manley Appointed Chairman of the Board

Solace Systems (“Solace”), a leading provider of data movement technology, today announced the appointment of David Barnes and Janet Perna to Solace’s Board of Directors. Solace also announced that Tom Manley, Senior Principal of Bridge Growth Partners, has been named Chairman of the Board, and Alok Singh, co-founder and Managing Principal of Bridge Growth Partners, has also joined the Board.

“We are excited to welcome David Barnes and Janet Perna to the board,” said Craig Betts, President & Chief Executive Officer of Solace Systems. “David’s deep and broad experience in deploying leading edge technology for the world’s largest package delivery company will be instrumental to Solace as we continue our drive to meet our customer’s changing data movement needs. Likewise, we look forward to benefiting from Janet’s extensive success and experience in both software and infrastructure technology where she has delivered cutting-edge products and services that meet the needs of business globally.”

“We also look forward to working with Tom Manley as Chairman of the Board,” Betts continued. “I am confident that his extensive experience scaling technology businesses will serve us well as we leverage our proven and innovative technology to accelerate growth by investing in customer-focused go to market strategies and partnership alliances.”

Barnes is a Senior Advisor to Bridge Growth Partners with extensive experience across the technology industry, including his former role as CIO and Senior Vice President for UPS. Under his leadership, UPS invested more than $1 billion each year in technology used to serve more than 220 countries and territories around the world. Barnes, who joined UPS in 1977, held roles in engineering, finance and information systems before being named CIO in 2005. Barnes is currently a Director of Ingram Micro and Hertz Global.

Perna is a member of Bridge Growth Partner’s Technology Advisory Board who brings considerable industry expertise having spent more than 30 years at IBM, the world’s largest information technology company. Most recently, she served as former General Manager of Information Management for IBM’s Software Group. Under her leadership, IBM was named the worldwide leader in database management software, and the group's revenue increased by more than 150 percent. She is currently a Director of Cloudmark, as well as a member of the Foundation Board of Directors at the State University of New York at Oneonta, and a Founder of the Perna-Rose Foundation for Hope.

Solace products, which are deployed in many global organizations across a wide range of industries, efficiently move mission critical, real-time data across and between businesses and global ecosystems. Solace customers and commercial partners include Barclays, RBC, London Stock Exchange, Bharti Airtel, SAP, Tata, and Bet365, among others. Existing Solace Board members include Craig Betts, Andre Gauthier, Dan Matte, Sir Terry Matthews, James Powell, Hasan Rizvi, and Stephen Smith.

About Solace Systems
Solace provides technology that improves the speed and efficiency with which information flows between applications, connected devices, datacenters and people. High-speed, reliable information sharing is a critical part of modern IT initiatives from accelerating legacy business processes to enabling big data, cloud computing and the Internet of Things. Solace unifies many kinds of data movement so companies can cost-effectively move all of the information associated with better serving customers and making smarter decisions. To learn more visit http://solacesystems.com.

About Bridge Growth Partners
Bridge Growth Partners, LLC is a uniquely structured growth-oriented private equity firm that focuses on investments in the technology and technology-enabled financial services sectors. Bridge Growth was founded with the goal of bringing together significant investment, financial, operating, and strategic business building expertise and talent. Led by seasoned investment professionals Sander Levy and Alok Singh, together with veteran operating executive Tom Manley, Bridge Growth leverages the team’s extensive experience in strategic development, corporate positioning, driving growth and operating improvements, and building effective boards of directors with world-class governance practices. For more information about Bridge Growth Partners, please visit http://www.bridgegrowthpartners.com.

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Larry Neumann
Solace Systems
+1 (613) 271-1010 Ext: 1067
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George Sard/Matt Benson
for Bridge Growth Partners (Sard Verbinnen & Co)
(212) 687-8080
Solace Systems
since: 03/2011
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