IONA ANNOUNCES NEW SUBSIDIARY TO MEET GOVERNMENT NEED FOR WEB SERVICES AND STANDARDS-BASED INTEGRATION TECHNOLOGY

5/6/2002 - IONA®, the leading e-Business Platform provider for Web Services Integration (NASDAQ: IONA), today announced the creation of IONA Government Technologies, Inc., a wholly-owned subsidiary of IONA Technologies, Inc. dedicated to serving the needs of the government market. IONA Government Technologies, Inc. will build on IONA's success in providing standards-based integration solutions to more than 50 government departments, resellers and partners.

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