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Leading EAI Platform Technology Enhances Integration Capabilities of IONA Suite
Waltham, MA -- February 12, 2001 - IONA®, the leading e-business platform provider for Total Business Integration™ (NASDAQ: IONA), today announced it has entered into an agreement with Software AG, Inc. to acquire non-exclusive license rights to certain portions of Software AG, Inc.'s enterprise application integration technology to extend the existing integration capabilities of the IONA Suite™. The parties anticipate that the transaction will close on or about February 15, 2001.
In addition to the acquisition of a non-exclusive license to the source code of such technology, IONA will hire a substantial portion of the Software AG, Inc. engineering team responsible for the development of the technology. These engineers will become members of IONA's engineering team focused on advanced integration technology. In keeping with this charter, the team's first goal will be to facilitate the integration of the new functionality into the iPortal Integrator™. The iPortal Integrator is IONA's J2EE and XML-based solution for automating business processes, integrating heterogeneous business systems and exposing that functionality as Web services via the Internet.
Software AG, Inc., based in Reston, Virginia, is a wholly owned subsidiary of Software AG, which offers XML-focused data management and electronic business integration tools. The acquired technology from Software AG, Inc. is also used in the Sagavista application integration product suite. It includes an easy-to-use graphical interface, an XML integration broker, a transformation engine and a host of application adapters for packaged, custom-developed or legacy applications including Peoplesoft, SAP, and Siebel, all of which will be incorporated into the iPortal Integrator.
Today's news follows IONA's recent technology acquisition from Suplicity Corporation, which brought new business process automation capabilities to the iPortal Integrator. As a result of these acquisitions, IONA is extending the leadership of the IONA Suite as the industry's most comprehensive e-business platform for Total Business Integration. (For additional information on the Suplicity acquisition, please click here.
"Incorporating the industry-leading technology from Software AG, Inc. into the IONA Suite is a smart move for IONA as it adds robust capabilities to their current integration offering," said John Rymer of UpStream Consulting. "IONA's recent investments have dramatically strengthened the integration capabilities of the IONA Suite."
"We're investing significantly to establish the IONA Suite as the industry's leading e-business platform for Total Business Integration," said IONA's CEO Barry Morris. "The combination of our existing capabilities, and the functionality and development expertise we're acquiring will provide the industry's most complete solution, based on the most modern Java/XML infrastructure."
About IONA
IONA is a leading provider of e-business infrastructure that helps organizations build and deploy enterprise portals, Internet commerce sites, and large-scale e-business systems. IONA supports a full diversity of languages, including Java and C++, and distributed computing technologies, including SOAP, XML, EJB, J2EE, CORBA, Microsoft's Windows DNA 2000 and IBM OS/390, CICS and IMS. Founded in 1991, IONA is headquartered in Dublin, Ireland with US headquarters in Waltham, Massachusetts. The company had revenues of $153 million in 2000 and employs more than 800 people in 30 offices worldwide.
About Software AG, Inc.
Based in Reston, VA, Software AG, Inc. is a wholly-owned subsidiary of Software AG, Europe's largest system software provider and a major global player offering cutting edge technology for data management and electronic business. Since 1998 Software AG has focused its development activities on XML products for the Internet. With some 3,500 employees and representatives in more than 70 countries, Software AG will achieve sales revenue of more than $600 million in 2001. Software AG's products control the central IT processes of thousands of renowned companies worldwide. Some examples of these are Lufthansa, Delta, Sabre/US Air, British Sky Broadcasting, Swiss Post, Federal Express, DaimlerChrysler, Mitsubishi, Deutsche Bahn AG (German Rail), BP, MCI Worldcom, VIAG Interkom, Telefonica, Morgan Stanley Dean Witter and J.P. Morgan Chase. Software AG is listed on the Frankfurt Stock Exchange (MDAX, Security identification number 724264 / SOWGn.F). For additional information go to: www.softwareagusa.com.
Source:IONA
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