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Technology Stocks : Iona (IONA)

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To: TimeToMakeTheInvs who wrote (427)7/6/1999 10:58:00 AM
From: Capt  Read Replies (1) of 491
 
Tuesday July 6, 10:04 am Eastern Time
Company Press Release
Tata Infotech Joins Forces With World Leader In Middleware Technology - IONA Technologies
HONG KONG and INDIA--(BUSINESS WIRE)--July 6, 1999--Tata Infotech Ltd (TIL), India's leading System Integrator, and IONA(r) Technologies (NASDAQ:IONA - news), the world leader in Making Software Work Together(tm), today announced a reseller agreement in India for IONA's leading Orbix(r) middleware products. Orbix provides customers with a standards-based enterprise middleware solution to make diverse software components work together in a reliable, dependable and scaleable manner. Orbix is used by over 3,500 businesses worldwide and conforms to the Object Management Group's CORBA(r) specification. The partnership between IONA Technologies and Tata Infotech brings the benefits of enterprise middleware solutions to software developers and companies throughout India.

According to Mr. Shrikant Pathak, Vice President, Software Product Group at Tata Infotech Limited, ''Component-based development and middleware to support such enterprise applications are relatively new domains in India. Tata Infotech has always prided in bringing such emerging products, technologies, and services to the market place here. We intend to lead this segment and IONA is an important product partner for TIL in our effort to be a leader in this segment. Our goal from this partnership is to help companies in India built IT systems that allow them to gain and maintain competitive edge whilst protecting their investment in technology, data and expertise''.

The appointment of Tata Infotech is in response to the rapidly growing middle-ware technology market in India, and the demand for products such as IONA's Orbix product family across industries such as banking and finance, manufacturing and telecommunications. TIL is well-positioned to offer these products to the Indian market since it has centers of excellence throughout India, including facilities in New Delhi, Mumbai, Pune and Bangalore.

Mike Verretto, Vice President - Asia Pacific at IONA Technologies, commented, ''IONA Technologies is committed to supporting enterprise middleware solutions in existing and emerging markets worldwide. Tata Infotech has decades of experience in providing the best software development advice and solutions to its customers. For organizations to successfully extend their IT systems, adding new technology while future-proofing their investment, they need a powerful technology infrastructure that can adapt and grow depending on business needs and conditions. With IONA's Orbix product family, Tata Infotech is providing this technology engine to its customers.''

Tata Infotech Limited, the Rs. 410 crore company is one of India's leading companies in the field of Information Technology. It is part of the Tata Group, India's largest and best-known conglomerate. A pioneer in the field of software development, networking, hardware manufacture, software distribution and education, Tata Infotech is positioned as a Total Systems Integrator in the Indian marketplace and software services and solution provider in the overseas market. Internet: tatainfotech.co.in

Founded in 1991, IONA Technologies (NASDAQ:IONA - news) is the world leader in Making Software Work Together(tm). IONA's leading product, Orbix(r), provides customers with a standards-based enterprise middleware solution to make diverse software components work together in a reliable, dependable and scaleable manner. According to IDC's market research, Orbix, which is used by over 3,500 businesses worldwide and conforms to the Object Management Group's CORBA specification, is the world's leading object middleware product.

NOTE TO EDITORS: To access IONA press releases and background material on the web, visit: iona.com. If you would like to receive IONA press releases by e-mail, contact Niamh Murphy at niamh.murphy@iona.com

IONA and Orbix are registered trademarks of IONA Technologies. Making Software Work Together is a trademark of IONA Technologies. CORBA is a trademark or registered trademark of Object Management Group, Inc. in the US and other countries. All other trademarks are the property of their respective owners.

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Contact:

Tata Infotech
Sunil Mandrawadkar, 0091- 22-821 6466
sunil.mandrawadkar@tatainfotech.com
or
IONA Technologies
For further SALES information please contact
IONA Asia Pacific: +852-2319-2832
or
For further PRESS information, please contact
IONA Technologies
Niamh Murphy, +353 1 637 2472
niamh.murphy@iona.com

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More Quotes and News: Iona Technologies PLC (Nasdaq:IONA - news)
Related News Categories: computers, software

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