Process Software completes IONA deal

According to Joseph Alsop, co-founder and CEO of Progress Software, the addition of IONA will strengthen its position in infrastructure software, supporting IT companies that use a Service Oriented Architecture (SOA).

“IONA's products complement the Progress SOA portfolio with leading edge, best-in-class technology and enable a wider variety of interoperability and deployment options, including the support of high-performance, mission-critical systems based on C++ and CORBA,” said Alsop.

“Moreover, Progress intends to leverage IONA's leadership role in standards bodies and open source software development," he added.

Progress acquired IONA for US$162 million in June and has taken on approximately 90 former IONA employees as part of the deal.

Progress Software is a supplier of application infrastructure software used to develop, deploy, integrate and manage business applications.

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