An Ottawa company’s tech will enable rapid data transfers on a British firm’s platform that manages cryptocurrencies and other digital assets.
Ottawa’s Solace Systems develops software called PubSub+, a message-routing system capable of delivering information to millions of users and end-devices per second. London-based Koine Finance will employ Solace’s platform on its financial trading systems.
Koine’s services specifically allow clients to store and trade cryptocurrencies and other digital assets. With PubSub+, the firm says it will be able to deliver a more rapid flow of real-time data to its customers as they manage their digital portfolios.
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“In the rapidly evolving digital assets and cryptocurrency markets, the fast, secure, reliable distribution of data and events is absolutely mission-critical,” said Solace CEO Les Rechan in a statement.
Financial details of the deal were not disclosed.
Solace’s software isn’t just for the fintech market. The local firm also recently landed a deal with Daimler to power in-vehicle messaging systems for the large German automaker.