Progress Software acquires Iona
In something of a surprise to many, Progress Software Corp. and Iona Technologies plc jointly announced on June 25 that they have signed a definitive agreement under which Progress Software has agreed to acquire Iona for $4.05 per share in cash.
Progress Software Corporation, a provider of application infrastructure software to develop, deploy, integrate and manage business applications, has appointed Richard D. Reidy as the company's new president and chief executive officer.