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Pressemitteilung BoxID: 126955 (Progress Software GmbH)
  • Progress Software GmbH
  • Friedrich-Ebert-Anlage 49
  • 60327 Frankfurt
  • http://www.progress.com
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  • +353 (1) 6372146

Addressing Shareholders, IONA CEO Peter Zotto Highlighted 2006 Performance and Progress Towards Market Leadership

Chairman, Kevin Melia, highlighted the company’s strong foundations and the commitment of the IONA team and Board to deliver long term value

(PresseBox) (Griesheim, ) Addressing shareholders at IONA Technologies’ 2007 Annual General Meeting at the Herbert Park Hotel, Dublin, Chief Executive Officer, Peter Zotto and Chairman of the Board of Directors, Kevin Melia outlined the company’s foundations for future growth and progress towards market leadership.

“I am pleased with the initiatives we are undertaking and the foundations we are creating for future growth,” said Mr Zotto. “We had a positive financial performance in 2006, delivering solid profitability, positive cash flow and total revenue growth year over year of 17%, the first revenue growth year since 2001. Artix is now IONA’s engine for future growth and is on track to exceed forty-five percent of total revenue by the end of 2007. At this pace, the Artix product line would exit 2007 at a forty plus million dollar run rate business.

The first half of 2007 has been busy with major developments across our product line driven by acquisition and internal development. We successfully integrated the acquired businesses of C-24 and LogicBlaze, launching new products associated with each and expanding our addressable market. This has created new market opportunities for IONA and has given us significant momentum going forward.”

Outlining the company’s growth strategy and business model he added, “We are making progress towards our goal of infrastructure software leadership as driven by two major industry trends, Service Oriented Architecture (SOA) and Open Source software. IONA has strengthened its position at the forefront of both trends with an expanded Artix™ SOA infrastructure suite and the recently launched FUSE™ open source offerings. FUSE has expanded our customer reach and has created new opportunities for the Artix product line. At the same time our Orbix™ (CORBA) business continues to provide customers with reliable, high performance infrastructure support for their mission-critical IT environments, and a stable and profitable revenue stream for IONA.

We continue to receive strong validation for Artix from independent industry analysts, customers and partners. Gartner identifies IONA as a ‘visionary’ in the Magic Quadrant for Application Infrastructure while a separate report from analyst firm Current Analysis recognises IONA as a ‘tier-1 vendor with positive rating for vision, market perspective and momentum.

Global 2000 class customers, including DZ Bank, Germany’s fourth largest international bank; Trenitalia, the Italian railway transportation arm of Ferrovie dello Stato(F.S.); and NARI Technology, a provider of automation software for the Chinese electric power dispatching industry, and companies like Aepona, a global provider of telecoms software products and services, selected IONA for their strategic enterprise computing initiatives. In addition, we expanded our partner network and strengthened existing marketing and technology relationships with systems integrators and platform providers including CSC and Microsoft.”

Mr.Zotto concluded, “In a rapidly changing and highly competitive market we must continue to innovate and look for opportunities to accelerate our growth and expand our market opportunity to secure the long term direction of the company.”

Chairman, Kevin Melia added, “The underlying strength of the business provides a firm foundation upon which IONA can continue to build sustainable performance and deliver increasing shareholder value. Together with the Board, the IONA team remains firmly committed to the achievement of leadership and profitable growth.”

Progress Software GmbH

Seit mehr als einem Jahrzehnt ist IONA Technologies (NASDAQ: IONA) ein weltweit führendes Unternehmen bei der Bereitstellung hochleistungsfähiger Integrationslösungen für die ITUmgebungen von Firmen aus dem Kreis der Global 2000. Mit seiner auf CORBA beruhenden Produktfamilie Orbix hat der Anbieter wichtige Pionierarbeit bei der standardbasierten Integration geleistet. Die Produktfamilie Artix, IONAs erweiterbarer Enterprise Service Bus(ESB), ermöglicht die Integration vorhandener Enterprise-Systeme in die gemeinsamen Infrastrukturkomponenten eines Unternehmens. Darüber hinaus beteiligt sich IONA auch an der Entwicklung des Open-Source-ESB Celtix. Dieses Engagement steht in der Tradition des Unternehmens, Integrationsprobleme mittels Einsatz offener Standards und verteilter Architekturen zu lösen.

IONA hat seinen Hauptsitz im irischen Dublin sowie seine US-Zentrale in Waltham im Bundesstaat Massachusetts und verfügt über Niederlassungen auf der ganzen Welt. Weitere Informationen zum Unternehmen finden sich im Internet unter http://www.iona.com und http://www.iona.com/de.