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Iona Pondering Bid

DZone's Guide to

Iona Pondering Bid

·
Free Resource

Iona Technologies, the Irish-American SOA middleware company started in 1991, has hired Lehman Brothers to advise it on its “strategic alternatives,” including sale or merger.

 It said a few weeks ago it got a “very preliminary” unsolicited “expression of interest” in buying the company.

Fingers have pointed to Software AG but that may be a false trail.

Iona’s got a market cap of $130 million. Last year it lost $700,000 on revenues of $77.7 million. Two recent acquisitions are supposed to turn accretive this year.

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