With Iona in the fold, Progress becomes a bigger SOA player.
In something of a surprise, Progress Software announced June 25 that it
is buying Iona Technologies for about $162 million.
Iona's board of directors has unanimously approved
the transaction, and each Iona Technologies director has entered into an
agreement to vote in favor of the deal.
Although it was no secret that Iona was up for sale,
over the last few weeks the rumor was that Red Hat was courting the SOA
(service-oriented architecture) and middleware specialist.
However, apparently Red Hat was not even among the serious contenders for
The move gives Progress more ammunition in the battle for SOA mind share and
market share, as Iona has a deep history of
participation and support for standards in the Web services and SOA space.
Progress provides application infrastructure software for the
development, deployment, integration and management of business applications.
The company has maintained a focus on SOA deployments with its Sonic Enterprise
Service Bus (ESB), as well as SOA management and governance tools.
Through its Artix product line, Iona delivers Web standards-based
integration technologies for SOA development. The company also offers
open-source SOA integration components through its Fuse product line. Moreover,
for 15 years, Iona has been the industry leader in CORBA
(Common Object Request Broker Architecture) integration technology, which has
been used in mission-critical IT systems of some of the world's largest
Joseph Alsop, co-founder and CEO of
Progress, said in a statement:
"We are proud to inherit Iona's long history and
reputation for developing some of the industry's most respected and
well-recognized technology for integrating mission-critical systems, often
involving hundreds of applications and millions of transactions per day over
diverse IT environments. We certainly expect to benefit by enhancing and
extending these customer relationships and by leveraging Iona
technology within products across our SOA portfolio. Iona
products are very complementary to what Progress offers today and Iona
customers can rest assured that Progress is committed to the same high
standards of support, product quality, and performance."
The deal is expected to close in September.
Darryl K. Taft covers the development tools and developer-related issues beat from his office in Baltimore. He has more than 10 years of experience in the business and is always looking for the next scoop. Taft is a member of the Association for Computing Machinery (ACM) and was named 'one of the most active middleware reporters in the world' by The Middleware Co. He also has his own card in the 'Who's Who in Enterprise Java' deck.