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Article: IONA Acquires Netfish Technologies; Acquisition Completes Total Business Integration Strategy by Enhancing IONA's Standards-Based, End-to-End, e-Business Platform.
- Article from:
- Business Wire
- Article date:
- February 15, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business/Technology Editors
WALTHAM, Mass. and SANTA CLARA, Calif.--(BUSINESS WIRE)--Feb. 15, 2001
IONA(R) Technologies (NASDAQ:IONA), the leading e-business platform provider for Total Business Integration(TM), today announced it has signed a definitive agreement to acquire Netfish Technologies, Inc., a leading provider of XML-based, business-to-business integration solutions. The total consideration is 5.5 million shares of IONA common stock, approximately $270 million, based on IONA's closing price of $49.0625 per share on February 14, 2001. This acquisition will be accounted for as a purchase. The transaction is subject to the approval of ...