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

To: LightPen who wrote (484)	4/12/2000 7:23:00 AM
From: LightPen	Read Replies (3) \| Respond to of 491

IONA Announces Multi-Million Dollar E-Business Contract With Winterthur Versicherungen DUBLIN, Ireland--(BUSINESS WIRE)--April 12, 2000--IONA Technologies, the Enterprise Portal Company(TM), (NASDAQ: IONA - news) today announced that it has signed a multi-million dollar, multi-year contract with Winterthur Versicherungen, the Swiss-based global insurance company, to build a web-to-host claims reporting and processing system. The e-Business solution is based on IONA's iPortal Suite(TM). Winterthur has chosen IONA's iPortal Suite to create high-performance, reliable applications that quickly meet new business needs. ``We have many legacy systems which are very reliable and fast but are not yet accessible via CORBA to the new media,' said Rudolf Walther, Project Leader for e-Commerce at Winterthur. ``The iPortal Application Server(TM) and the iPortal OS/390 Server(TM) will allow us to resolve this issue and integrate front-end web applications with the old PL/I systems developed in the 80s.' The initial applications built with iPortal suite components will be in the areas of claims reporting, damage correspondence and damage payments. The application server will be key to allowing Winterthur to create new application systems to make their customers' lives easier. The new e-business applications make it possible to efficiently involve the customer at an earlier time into the respective business process as a result of the Internet. This not only enhances customer benefit, but also helps to improve the relationship with clients by helping to initialize cross-selling into such contacts. ``The new B2B platform enables the reuse of previously developed components, and facilitates the integration of core business applications into new applications,' said Dr. Chris Horn, chairman and CEO of IONA. ``The iPortal Suite will provide Winterthur with a reliable platform to quickly execute on new business opportunities as they arise.'