IONA e-Business Platform Chosen as Infrastructure for Gruppo Banksiel Online Finance Solutions

Business Wire, June 25, 2001

Business Editors

MILANO, Italy--(BUSINESS WIRE)--June 25, 2001

IONA(R), the leading e-business platform provider for Total Business Integration(TM) (NASDAQ: IONA), today announced that Gruppo Banksiel, the leading provider of IT solutions for financial institutions in Italy, has chosen the IONA e-Business Platform(TM) to build its Fast Trade financial management solution.

Gruppo Banksiel's Fast Trade, a financial management application used by banks, finance operators and insurance companies to deliver financial services including trading, funds management, fiscal accounting and other applications to customers online, is built on the iPortal(TM) Application Server, IONA's next-generation J2EE-certified development and integration platform.

Gruppo Banksiel's Fast Trade is an ideal solution for the delivery of online financial services. Powered by IONA's iPortal Application Server, Fast Trade offers easy and flexible integration with packaged and customized applications that enables financial service providers to effectively develop and deploy targeted customer applications via the Internet. Fast Trade is already available within Banksiel's package of offerings, and it has been released with support from Sun Microsystems, TraderMade, Glamm Interactive and Data Consult.

"We chose the IONA e-Business Platform because of its strict standards conformance and superior integration capabilities," said Massimo Fabbiani, manager of the Business Competence Center at Banksiel. "The IONA iPortal Application Server allowed us to quickly and easily develop a complete solution that our customers can either implement out-of-the-box or customize according to their business requirements."

"Banksiel is known for its visionary approach to technology adoption," said Nicola Zenesi, Country Manager of IONA Italy. "By choosing the IONA e-Business Platform, Banksiel has validated the benefits of an integrated application development and integration platform and our vision for Total Business Integration."

The IONA iPortal Application Server combines strict J2EE standard conformance and unique Extreme Programming features with application integration and Web services generation tools to provide unparalleled usability, flexibility and reliability for enterprise applications.

About IONA

IONA is a leading e-Business Platform provider for Total Business Integration(TM). The IONA e-Business Platform provides users with a complete solution for end-to-end business integration inside and outside the firewall. IONA's e-Business Platform includes a J2EE-compliant application server, a mainframe and enterprise application integration suite as well as XML web services, Java and CORBA development tools, and a business-to-business integration (B2Bi) platform. Founded in 1991, IONA is headquartered in Dublin, Ireland with U.S. headquarters in Waltham, Massachusetts. The company had revenues of $153 million in 2000 and employs more than 1000 people in 30 offices worldwide. Please visit www.iona.com for more information.

IONA, IONA e-Business Platform, iPortal Application Server, IONA Enterprise Integrator, IONA Mainframe Integrator, IONA B2B Integrator, iPortal SureTrack, IONA XMLBus, Orbix, Adaptive Runtime Technology and Total Business Integration are trademarks or registered trademarks of IONA Technologies. SUN, Sun Microsystems, the Sun Logo, Java, and J2EE are trademarks or registered trademarks of Sun Microsystems, Inc in the United States and other countries. CORBA is a trademark or registered trademark of the Object Management Group,Inc in the U.S. and other countries. All other trademarks are the property of their respective owners.