Slide 1: IONA Technologies Joins Forces with Progress Software
IONA Technologies Joins Forces with Progress Software June 25, 2008
Slide 2: The News
The News Progress to acquire IONA Technologies Target completion in September All IONA product lines to be supported and advanced
Slide 3: The Progress Mission
The Progress Mission The Progress Mission To deliver superior software products and services that empower our partners and customers to dramatically improve their development, deployment, integration and management of quality applications worldwide.
Slide 4: Progress understands the infrastructure requirements for great business applications
Progress understands the infrastructure requirements for great business applications One Constant: Progress Software Leading the Evolution of IT Application Infrastructure Software Develop, Deploy, Integrate and Manage Business Applications Host-centric Client-Server Web SOA Through the evolution of
Slide 5: Progress Software Market Presence
Progress Software Market Presence Application Development, Deployment, Integration and Management Products... .... in over 140 countries ....including over 90% of the Fortune 100 .... at over 60,000 organizations .... deployed at over 100,000 sites .... offering over 5,000 applications .... and over
Slide 6: Progress Software Annual Revenue and Non-GAAP EPS
Progress Software Annual Revenue and Non-GAAP EPS Total Annual Revenue Non-GAAP EPS** 10% Growth: 6% Growth: 29% * * * 10% * 10% 4% **Non-GAAP operating income excludes amortization of acquired intangibles, in-process research and development, other acquisition related expenses, stock-based compensa
Slide 7: Product Line Growth Strategy
Progress ObjectStore Sonic xxx %Revenue 95 0 5 Progress ObjectStore Sonic xxx %Revenue 95 0 5 Progress Software Corporation Product Line Growth Strategy OpenEdge EID DataDirect %Revenue 71 15 14 % Revenue FY07 % Revenue OpenEdge 95% Sonic 5% OpenEdge 68% DataDirect 15% FY02 SOA 17% Infrastructure $4
Slide 8: Product License Revenue
Progress ObjectStore Sonic xxx %Revenue 89 0 11 Progress ObjectStore Sonic xxx %Revenue 89 0 11 Progress Software Corporation Product License Revenue OpenEdge EID DataDirect %Revenue 103 39 45 Revenue FY07 Revenue OpenEdge 89% Sonic 11% OpenEdge 55% DataDirect 24% FY02 SOA Infrastructure 21% $187M $
Slide 9: Superior Products Across All Product Lines
DataDirect Data Connectivity EasyAsk Natural Language Search and Query DataXtend Data Interoperability ObjectStore OpenEdge Apama Actional Shadow Sonic Object Data Management Business Application Platform Complex Event Processing Enterprise Service Bus SOA Management Mainframe Integration Applicatio
Slide 10: Market Recognition for Our Innovations
Progress Software Market Recognition for Our Innovations CERN & Progress SonicMQ Top 100 IT Projects Progress Apama CEP and Progress Sonic ESB Leaders in Innovations Awards Progress DataXtend SI 2007 Excellence Award for Best New Product Progress DataXtend SI Innovation Billing & Information Managem
Slide 11: Our Innovations Drive Customer Success
Progress Software Our Innovations Drive Customer Success Integrated supply network streamlines throughput and improves harvest yield Messaging platform supports 1.2 million contracts per day, 38% increase in volume SaaS-enabled ERP opens new markets and leads to 20% growth CEP technology monitors, a
Slide 12: Growing Global Customer Presence
Progress Software Growing Global Customer Presence
Slide 13: Executive Team (ETeam)
Executive Team (ETeam) Jeff Stamen Senior Vice President Corp. Development & Strategy Dave Ireland Executive Vice President Progress Software Corporation Peter Sliwkowski Vice President Product & Support Operations Gordon Van Huizen Vice President Products Larry Harris Vice President General Manager
Slide 14: Progress Software 2008 Growth Strategy
Continue strong investment in open and innovative SOA infrastructure products Best-in-class capabilities in heterogeneous and distributed environments demanding high QoS Serve direct customers with an enterprise sales and services organization representing all SOA products Exploit major opportunitie
Slide 15: Why Progress + IONA?
Why Progress + IONA? Strengthen position as leader in independent, standards- based, heterogeneous, distributed SOA infrastructure Add leading-edge IONA technology for the widest variety of interoperability and deployment options Support and deepen relationships with the impressive and long-standing
Slide 16: IONA Product Lines
IONA Product Lines Orbix - The industry-leading middleware for CORBA standards-based integration Artix - Standards-based high-performance SOA infrastructure products FUSE - Professional open source for SOA integration
Slide 17: The Progress SOA Portfolio
SOA Management Complex Event Processing Business Process Management Mainframe Integration Enterprise Service Bus Registry/ Repository Data Interoperability Enterprise Messaging Partners Partners The Progress SOA Portfolio Actional Apama Shadow DataXtend Sonic Sonic
Slide 18: The Expanded Progress SOA Portfolio
SOA Management Complex Event Processing Business Process Management Mainframe Integration Enterprise Service Bus Registry/ Repository Data Interoperability Enterprise Messaging Partners Partners The Expanded Progress SOA Portfolio Actional Apama Shadow DataXtend Sonic Sonic SOA Management Mainframe
Slide 19: Combined Strengths
Combined Strengths The most comprehensive product offering for standards-based, heterogeneous, distributed SOA infrastructure Interoperability across the combined SOA Portfolio Increased global distribution and sales capacity Strong bases in multiple industry segments with expanded vertical solution
Slide 20: Progress Software
©) SOFTWARE PROGRESS SOFTWARE CONFIDENTIAL
Slide 21: Contact Information
Contact Information John Schipelliti - IONA Integration Team Leader +1 781 902 8252 john.schipelliti@iona.com Peter Sliwkowski - Progress Integration Team Leader +1 781-280-4216 pgs@progress.com Phillip Pender - IONA VP Human Resources +353 (1) 6372512 philip.pender@iona.com Joe Andrews - Progress V
Slide 22: About the Transaction
About the Transaction The acquisition will be effected by means of a "scheme of arrangement" under Irish law pursuant to which a wholly owned subsidiary of Progress Software, SPK Acquisitions Limited, will acquire all of the outstanding securities of IONA not already owned by Progress Software or it
Slide 23: Legal Information - Presentation of Information, Bases and Sources
Legal Information - Presentation of Information, Bases and Sources The sources and bases for the information contained in this document are as follows: Reference to arrangements in place between Progress and IONA regarding the Acquisition are sourced from the terms of the implementation agreement da
Slide 24: Legal Information
Legal Information The directors of IONA accept responsibility for the information contained in this document relating to IONA , the IONA Group, the directors of IONA and members of their immediate families, related trusts and persons connected with them and the recommendation and related opinions of
Slide 25: Important Additional Information and Where to Find It
Important Additional Information and Where to Find It Important Additional Information and Where to Find It In connection with the acquisition, IONA intends to file with the Securities and Exchange Commission and mail to its shareholders a proxy statement (comprising the scheme of arrangement docume
Slide 26: Progress Software
PROGRESS SOFTWARE PROGRESS SOFTWARE CONFIDENTIAL