IONA Iona Technologies Adr (MM)

IONA� Technologies (NASDAQ: IONA), a world leader in distributed service-oriented architecture (SOA) infrastructure solutions for performance-demanding IT environments, today announced that Institutional Shareholder Services (ISS), a leading global proxy advisory firm, recommends in favour of the resolutions for the proposed acquisition of IONA Technologies by Progress Software. The resolutions will be presented to IONA shareholders at both the Extraordinary General Meeting and Court Meeting to be held on August 28, 2008 in Dublin, Ireland. About ISS Governance Services With more than 20 years of experience, ISS Governance Services is a leader in proxy voting and corporate governance matters. ISS Governance Services' experienced research team provides comprehensive analyses of proxy issues and complete vote recommendations for more than 40,000 meetings in over 100 worldwide markets. ISS is a wholly-owned subsidiary of RiskMetrics Group, Inc. RiskMetrics Group is a leading provider of risk management and corporate governance products and services to participants in the global financial markets. About IONA For more than a decade, IONA� Technologies (NASDAQ: IONA) has been a world leader in delivering high-performance integration solutions for Global 2000 IT environments. IONA pioneered standards-based integration with its CORBA-based Orbix� products. IONA's Artix�, an advanced SOA infrastructure suite enables customers to leverage service-oriented architecture to streamline and modernize IT environments. The FUSE� family of open source distributed SOA infrastructure products allows customers to take advantage of the economic benefits associated with the use of open source software. IONA is headquartered in Dublin, Ireland, with U.S. headquarters in Waltham, Massachusetts and offices worldwide. For additional information about IONA, visit our Web site at http://www.iona.com. About Progress Software Corporation Progress Software Corporation (NASDAQ: PRGS) provides application infrastructure software for the development, deployment, integration and management of business applications. Our goal is to maximize the benefits of information technology while minimizing its complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000. Disclosure Required by the Irish Takeover Rules The directors of IONA Technologies accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of IONA Technologies (who have taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. Any person who is a holder of 1% or more of the share capital of IONA Technologies may have disclosure obligations under Rule 8.3 of the Irish Takeover Rules, effective from the date of the commencement of the offer period in respect of the Acquisition.