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 Acquisition price is $4:05 per share in cash Acquisition expected to close in September All IONA product lines expected 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: Superior Products Across All Product Lines
OpenEdge Business Application Platform Integrated platform optimized for business DataDirect Data Connectivity EasyAsk Natural Language Search and Query ObjectStore Object Data Management Market leader in data connectivity First and leading natural language query Market leading object database Progr
Slide 5: Progress Software Global Customer Presence
Progress Software Global Customer Presence
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: Why Progress + IONA?
Why Progress + IONA? Strengthen position as leader in independent, standards- based, heterogeneous, distributed SOA infrastructure Extend the reach of the Progress SOA Portfolio with leading-edge technology for the widest variety of heterogeneous deployment options & interoperability Support and dee
Slide 8: IONA Technologies
IONA Technologies Like Progress, an "independent" SOA infrastructure vendor Best-in-class technology 15-year history delivering standards-based integration for high-performance systems Development centers in Dublin (Ireland), Waltham (MA), and St. John's (Canada) Foundation technology in hundreds of
Slide 9: IONA Technologies Customers
IONA Technologies Customers Strength in telecom, financial services, government, and manufacturing industry segments Customers Include World's Largest Firms 80% of Global Telecom 70% of Financial Services in Global 100
Slide 10: IONA Technologies: Solving Credit Suisse' Integration Challenges with CORBA
IONA Technologies: Solving Credit Suisse' Integration Challenges with CORBA 1,500 services in production 100,000+ users 1 billion transactions/year 73% cost reduction for systems development and integration Reuse of 70% of services
Slide 11: 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 12: 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 13: 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 14: 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 15: Leading-Edge IONA Technology
Leading-Edge IONA Technology IONA technology addresses demanding customer requirements Service-enables a wide range of applications in performance-demanding, heterogeneous IT environments Capitalizes on the adoption of key standards and open source technologies Battle-tested in the most rigorous IT
Slide 16: New Endpoint Enablement Options
New Endpoint Enablement Options CORBA Environments C++ Environments Full Web service runtime framework for C++ Transactions: Tuxedo, CORBA OTS, WS-AT Proprietary MOMs: IBM WebSphere MQ, TIBCO RV Java Environments Builds on popular Spring open source framework Deploys in any Java environment includin
Slide 17: End-to-End SOA Integration
End-to-End SOA Integration Artix: Service enablement of heterogeneous endpoints Supports a variety of application platforms and legacy technologies including CORBA Lightweight, embedded model supports the widest variety of SOA deployment options Sonic: Distributed integration network Enterprise-grad
Slide 18: Data Interoperability Solutions for Financial Services
Comprehensive libraries include message types, validation rules, and test cases Financial services focus parallel to the Progress(r) DataXtend (r) Semantic Integrator telecom go-to- market focus Data Interoperability Solutions for Financial Services Artix Data Services for the widest data interopera
Slide 19: Progress is Committed to Supporting IONA Customers
Progress is Committed to Supporting IONA Customers Progress will advance the CORBA business and the customer base Orbix 3, Orbix 6, Orbix Mainframe and Orbacus product lines will be maintained and evolved according to the needs of key customers The Artix product line will be advanced and included in
Slide 20: Expanding the Market Opportunity
Expanding the Market Opportunity Standards-based interoperability provides expanded product choices Horizontal Offerings Actional SOA Management for Artix ready for release SonicMQ for large-scale messaging needs Apama to address IONA customer needs for complex event processing (CEP) Artix "smart en
Slide 21: Open Source Projects and Business
Open Source Projects and Business Advance open source projects Commitment to Apache and Eclipse communities through project leadership and contribution of innovative technology Popular open source projects offered as FUSE professional open source are de facto industry standards Apache CXF - next-gen
Slide 22: Progress + IONA
Progress + IONA 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 solutions T
Slide 23: 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 24: 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 25: 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 26: 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 27: Contact Information
Contact Information John Stewart Corporate Communications 781-280-4101 jstewart@progress.com Paul LaBelle Analyst Relations 781-280-4147 plabelle@progress.com
Slide 28: Progress Software
PROGRESS SOFTWARE PROGRESS SOFTWARE CONFIDENTIAL