PROGRESS SOFTWARE CORPORATION ACQUIRES IONA TECHNOLOGIES
Addition of IONA’s broad, standards-based integration technologies extends Progress Software industry leadership in SOA infrastructure for heterogeneous IT environments
Progress Software Corporation and IONA Technologies PLC announce that all regulatory and legal requirements have been satisfied and that the acquisition of IONA Technologies PLC is now complete. Progress acquired IONA for an aggregate purchase price of approximately $162 million and approximately $107 million net of cash and marketable securities reported on June 30, 2008, which it funded with existing cash resources.
IONA products complement the Progress SOA Portfolio with leading edge, best-in-class technology for the widest variety of heterogeneous deployment options and interoperability.
For more information, visit Progress’ website.