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Technology Stocks : Iona (IONA) -- Ignore unavailable to you. Want to Upgrade?

To: LightPen who wrote (470)	1/20/2000 9:01:00 AM
From: LightPen	Read Replies (1) \| Respond to of 491

IONA and Portal Software Announce Strategic Worldwide Alliance Portal Software selects IONA's iPortal Suite, an industry-leading eBusiness infrastructure solution, for its comprehensive family of customer management and billing software WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 19, 2000-- IONA Technologies (NASDAQ:IONA - news), the leading provider of solutions designed to create and deploy e-business applications, and Portal Software Inc. (NASDAQ:PRSF - news), a leading provider of business infrastructure software for Internet and next-generation communications services, today announced a strategic alliance. Under the alliance, Portal will use IONA's leading e-business infrastructure technology to power its Infranet© family of software products, a real-time, flexible solution for the management of Internet and emerging next-generation communication services. IONA and Portal will cooperate on a range of technology initiatives that will provide customers with improved performance and ease of implementation. Customers will derive a variety of benefits resulting from the alliance, such as the ability to obtain even greater performance, scalability and availability when using Portal's Infranet software. Financial terms of the agreement are not disclosed. ``Portal chose IONA iPortal Suite for its comprehensiveness, scalability and performance,' said Dave Labuda, CTO and VP of Engineering for Portal Software. ``Infranet is the industry's only comprehensive real-time, scalable solution. We look forward to delivering even greater real-time benefits to customers with an Infranet family of products incorporating iPortal Suite. We are confident that IONA's technology will help ensure that we continue to provide the leading solution in our market.' ``We are excited to work with Portal Software, a leader in Internet business infrastructure,' said Dr. Chris Horn, President and CEO of IONA Technologies. ``Providers of Internet-based services count on scalable, high performance and high availability systems for their very survival. Portal has re-defined customer management and billing for the IP world with its real-time architecture. The fact that Portal's technology vision now incorporates our e-business infrastructure is especially gratifying.' As a part of the agreement, Portal Software joins IONA's Customer Council, which allows Portal to participate in joint quarterly technical product reviews regarding product directions. Both companies will participate in joint marketing activities, including seminars, annual User Conferences, and other marketing programs. Portal's Infranet© 6.0 delivers the industry's only comprehensive real-time customer management and billing software that was designed to support today's dynamic Internet business environment. Infranet 6.0 can easily integrate with existing billing systems and provides a complete range of powerful, rating and billing capabilities for providers of IP-based services. Infranet's comprehensive real-time technology enables Internet service providers to better manage customers, quickly deploy new IP-based services and pricing options, support substantial subscriber growth and unlock new revenue opportunities.