IONA Technologies

Last updated

IONA Technologies, Inc.
Type Public
Nasdaq: IONA
Industry Computer software
Consulting
IT Services
Founded1991
Defunct2008 (2008)
FateAcquired
Headquarters
Dublin
,
Ireland
ProductsIONA Artix, Fuse ESB, Orbix, Orbacus
Website www.iona.com

IONA Technologies was an Irish software company founded in 1991. It began as a campus company linked to Trinity College Dublin [1] had its headquarters in Dublin, and eventually also expanded its offices in Boston and Tokyo. It specialised in distributed service-oriented architecture (SOA) technology, its products connecting systems and applications by creating a network of services without requiring a centralised server or creating an information technology project. IONA was the first Irish company to float on the NASDAQ exchange. [2] It was valued at up to US$1.75 billion at its peak. It was one of the world's 10 largest software-only companies, and around 30 new ventures spun out from it. IONA was sold to Progress Software in 2008. [3]

Contents

History

Iona Technologies headquarters on Percy Place in Dublin, 1994 Iona Technologies headquarters main work area 1994.jpg
Iona Technologies headquarters on Percy Place in Dublin, 1994

In 1981, a Trinity College Dublin PhD student, Chris Horn, visited Stanford University, and met Andy Bechtolsheim, inventor of the Stanford University Network (SUN) workstation, and Bill Joy, and when they later went on to co-found Sun Microsystems, he began to talk to fellow academics about starting their own venture. Eventually, in 1991, IONA Technologies, was founded by Horn and fellow TCD academics Sean Baker and Annrai O’Toole, each of the three putting in 1,000 Irish pounds for starting capital. IONA received limited support from Trinity College, including an office with a desk and phone in a TCD innovation centre on Westland Row. [4]

Leadership

Horn was the first CEO and later also lead architect and developer for the Orbix product, launched in 1992. The firm was strategically focused on object-oriented middleware software, but initially produced training, device drivers and ran backups. [4] IONA found the Irish market (business expansion schemes, banks, venture capital firms) unwilling to invest, secured some IDA Ireland support, grew. After showcasing their first product in the US in 1992, they secured a minority investment from Sun Microsystems in December 1993, 600,000 US dollars for 25% of the equity.

Despite having just 11 staff, they then sold a multi-national network management system to Motorola, and then a solution to Boeing, [4] and were able to become the first Irish company to float on the NASDAQ, [2] achieving the fifth largest debut on that exchange to date. [3]

At peak the company reached a market valuation of US$1.75 billion. [3] Horn stepped down from the CEO role in 2000, but remained as a non-executive director; he returned to the CEO role from 2003 to 2005, after the "dotcom crash".

On 25 June 2008 it was announced that IONA would be acquired by Progress Software for about $162 million, the deal closing shortly thereafter. [5] [6] Over its lifetime, about 30 new companies had spun out from IONA. [4]

On 24 December 2012 Progress Software sold the IONA-related Orbix, Orbacus and Artix software product lines to Micro Focus International plc for $15 million. [7]

The open-source group was later spun out into its own entity, FuseSource Corp, which was acquired by Red Hat in 2012. This group consisted of individuals and technologies involved in the various open-source projects and communities, including those that joined as part of the acquisition of LogicBlaze.

Development standards

IONA was involved in the development of standards that are relevant to large-scale IT integration. IONA employed the Web service, Java, TMF and Common Object Request Broker Architecture (CORBA) families of standards in their products, and was involved in the following standards bodies:

Open source

IONA promoted both open-source and commercially licensed software, participated in several open source initiatives, and acquired LogicBlaze. [8] IONA was involved in the following open-source projects, and offered enterprise versions of the projects that are tested, certified and supported. [9] These became part of FuseSource Corp., now within Red Hat .

Products

IONA promotional pen, 2001 IONA pen.jpg
IONA promotional pen, 2001

IONA's initial integration products were built using the CORBA standard, and later products were built using Web services standards.

IONA's products include:

Related Research Articles

The Common Object Request Broker Architecture (CORBA) is a standard defined by the Object Management Group (OMG) designed to facilitate the communication of systems that are deployed on diverse platforms. CORBA enables collaboration between systems on different operating systems, programming languages, and computing hardware. CORBA uses an object-oriented model although the systems that use the CORBA do not have to be object-oriented. CORBA is an example of the distributed object paradigm.

OpenStep is a defunct object-oriented application programming interface (API) specification for a legacy object-oriented operating system, with the basic goal of offering a NeXTSTEP-like environment on non-NeXTSTEP operating systems. OpenStep was principally developed by NeXT with Sun Microsystems, to allow advanced application development on Sun's operating systems, specifically Solaris. NeXT produced a version of OpenStep for its own Mach-based Unix, stylized as OPENSTEP, as well as a version for Windows NT. The software libraries that shipped with OPENSTEP are a superset of the original OpenStep specification, including many features from the original NeXTSTEP.

In distributed computing, an object request broker (ORB) is a middleware which allows program calls to be made from one computer to another via a computer network, providing location transparency through remote procedure calls. ORBs promote interoperability of distributed object systems, enabling such systems to be built by piecing together objects from different vendors, while different parts communicate with each other via the ORB.

<span class="mw-page-title-main">Enterprise service bus</span> Communication system in a service-oriented architecture

An enterprise service bus (ESB) implements a communication system between mutually interacting software applications in a service-oriented architecture (SOA). It represents a software architecture for distributed computing, and is a special variant of the more general client-server model, wherein any application may behave as server or client. ESB promotes agility and flexibility with regard to high-level protocol communication between applications. Its primary use is in enterprise application integration (EAI) of heterogeneous and complex service landscapes.

Progress Software Corporation (Progress) is an American public company that offers software for creating and deploying business applications. Headquartered in Burlington, Massachusetts with offices in 16 countries, the company posted revenues of $531.3 million (USD) in 2021 and employs approximately 2100 people.

Apache Harmony is a retired open source, free Java implementation, developed by the Apache Software Foundation. It was announced in early May 2005 and on October 25, 2006, the Board of Directors voted to make Apache Harmony a top-level project. The Harmony project achieved 99% completeness for J2SE 5.0, and 97% for Java SE 6. The Android operating system has historically been a major user of Harmony, although since Android Nougat it increasingly relies on OpenJDK libraries.

Apache ServiceMix is an open-source software project to implement a distributed enterprise service bus (ESB).

<span class="mw-page-title-main">Apache Felix</span> Open-source OSGi framework

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Apache Camel is an open source framework for message-oriented middleware with a rule-based routing and mediation engine that provides a Java object-based implementation of the Enterprise Integration Patterns using an application programming interface to configure routing and mediation rules.

Apache CXF is an open source software project developing a Web services framework. It originated as the combination of Celtix developed by IONA Technologies and XFire developed by a team hosted at Codehaus in 2006. These two projects were combined at the Apache Software Foundation. The name "CXF" was derived by combining "Celtix" and "XFire".

Red Hat Fuse is an open source integration platform based on Apache Camel. It is a distributed integration platform that provides a standardized methodology, infrastructure, and tools to integrate services, microservices, and application components.

Fuse Services Framework is an open source SOAP and REST web services platform based on Apache CXF for use in enterprise IT organizations. It is productized and supported by the Fuse group at FuseSource Corp. Fuse Services Framework service-enables new and existing systems for use in enterprise SOA infrastructure.

Service Component Architecture (SCA) is a software technology designed to provide a model for applications that follow service-oriented architecture principles. The technology, created by major software vendors, including IBM, Oracle Corporation and TIBCO Software, encompasses a wide range of technologies and as such is specified in independent specifications to maintain programming language and application environment neutrality. Many times it uses an enterprise service bus (ESB).

Micro Focus International plc is a British multinational software and information technology business based in Newbury, Berkshire, England. The firm provides software and consultancy. The company was listed on the London Stock Exchange until it was acquired by the Canadian software firm OpenText in January 2023.

The Apache Traffic Server (ATS) is a modular, high-performance reverse proxy and forward proxy server, generally comparable to Nginx and Squid. It was created by Inktomi, and distributed as a commercial product called the Inktomi Traffic Server, before Inktomi was acquired by Yahoo!.

The JBoss Enterprise Application Platform is a subscription-based/open-source Java EE-based application server runtime platform used for building, deploying, and hosting highly-transactional Java applications and services developed and maintained by Red Hat. The JBoss Enterprise Application Platform is part of Red Hat's Enterprise Middleware portfolio of software. Because it is Java-based, the JBoss application server operates across platforms; it is usable on any operating system that supports Java. JBoss Enterprise Application Platform was originally called JBoss and was developed by the eponymous company JBoss, acquired by Red Hat in 2006

<span class="mw-page-title-main">Apache ActiveMQ</span> Software message broker

Apache ActiveMQ is an open source message broker written in Java together with a full Java Message Service (JMS) client. It provides "Enterprise Features" which in this case means fostering the communication from more than one client or server. Supported clients include Java via JMS 1.1 as well as several other "cross language" clients. The communication is managed with features such as computer clustering and ability to use any database as a JMS persistence provider besides virtual memory, cache, and journal persistency.

Orbix is a CORBA ORB – a software product from Micro Focus which helps programmers build distributed applications. Orbix is an implementation of the OMG's CORBA Specification.

ObjectSecurity is an information technology company focusing on information security, supply chain risk analysis, data analytics, and artificial intelligence. The company pioneered the development of model-driven security, which was mostly an academic concept prior to the company's developments. The company is best known for their OpenPMF model-driven security product, security policy automation product for which the company received a "Cool Vendor" award from Gartner in 2008. In recent years, ObjectSecurity diversified into supply-chain risk-analysis automation for which the company was selected "Finalist" by AFWERX in 2019, and vulnerability assessment & pentesting automation.

Christopher J. Horn is an Irish academic and businessperson, co-founder and CEO of Ireland's first NASDAQ-listed company, IONA Technologies, once one of the world's top ten software-only companies by revenue. He also led fundraising for, and became founding chairperson of, Dublin's Science Gallery, and later its international spinoff projects. Horn, an electronics engineer and holder of a PhD in computer science, has also written extensively on technology and business innovation, and on privacy, including for The Irish Times. A former president of Engineers Ireland, and later made a Fellow of that body, he was awarded an honorary doctorate by Trinity College Dublin, and a Gold Medal of the Royal Dublin Society. He has been chairperson or member of multiple commercial and voluntary boards, including those of Trinity College Dublin and Science Foundation Ireland.

References

  1. ↑ Irish Independent Archived 27 April 2016 at the Wayback Machine Thu, 24 January 2002
  2. 1 2 "Case study – Dr Chris Horn on Engineering Innovation, the case of Iona". Management Information Systems, UCD. University College Dublin. Retrieved 6 April 2021.
  3. 1 2 3 Daly, Linda (3 February 2013). "Fame & Fortune: Chris Horn". The Sunday Times. London, UK. Retrieved 13 April 2021.
  4. 1 2 3 4 Breslin, John (20 May 2015). "Chris Horn Talks About Innovation And Ireland: "How Can We Create A Desirable Environment For Entrepreneurs?"". Technology Voice. Retrieved 18 April 2021.
  5. ↑ Phelan, Andrew (26 June 2008). "Trinity boys sell college firm for $162m". Irish Independent. Retrieved 13 April 2021.
  6. ↑ eWeek Wed, 25 June 2008
  7. ↑ Micro Focus International plc Archived 4 November 2013 at the Wayback Machine 2012-12-24
  8. ↑ Darryl K. Taft (10 April 2007). "Iona Acquires LogicBlaze for Open-Source SOA". eWeek . Retrieved 15 January 2022.
  9. ↑ ebizQ 9 July 2007
  10. ↑ Archived 15 June 2011 at the Wayback Machine "C24 Integration Objects" [C24iO], 6 April 2011
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