Progress Software made a strategic move to gain wider recognition in the infrastructure software market with its acquisition of integration specialist Iona this week.
In a deal representing total equity value of approximately $82m, Boston-based Progress says that it will now be able to offer a truly heterogeneous service oriented architecture (SOA) infrastructure.
Progress' push for heterogeneity to widen SOA take-up comes at a time when some analysts are still debating the purported benefits of SOA and many vendors are still at pains to improve SOA project execution to increase its adoption.
Speaking to ComputerWeekly.com, director of technology for EMEA at Progress Software Giles Nelson said, "Our acquisition of Iona will significantly increase the scope of our SOA product portfolio. Iona has high-quality customers, particularly in the financial services and telecommunications sectors including Credit Suisse and AT&T, who have relied on Iona's services for mission-critical business decisions."
Nelson also stated that SOA should be about an independent, heterogeneous choice. The company says that bringing Iona's web standards based integration technologies to the table will further increase implementation of SOA.
According to Iona, for the last 15 years it has been a major player in Corba integration technology, a well-established integration standard currently relied upon in mission-critical IT systems by some of the world's largest companies.
Upon completion of the transaction, which is expected to occur in September pending regulatory approval in the US and Iona shareholder approval, IONA would become an indirect wholly owned subsidiary of Progress Software.