CodeFutures News & Industry Commentary Blog

Wednesday, June 25, 2008

IONA Acquired by Progress

It's been a big year for application development industry acquisitions - MySQL, BEA, Borland CodeGear, Cape Clear. It's now the turn of IONA Technologies, which has been acquired by Progress Software for $148.4 million. The acquisition follows a few false starts, including a bid from Software AG.

IONA's legacy CORBA product is widely deployed in the telecommunications and financial industries, although that can not be too attractive to Progress, which already has plenty of legacy products. Perhaps the encouraging results for IONA's new Service Component Architecture-based product called Artix influenced the acquisition?

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Posted by CodeFutures at 2:01 PM | Permalink |

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