IONA's CTO Highlights Role of Web Services in the Securities Industry

4/8/2003 - IONA®, the leading provider of Rapid Integration software (NASDAQ: IONA), announced that Chief Technology Officer Eric Newcomer will deliver a presentation on the history of pragmatic transaction processing and the challenge of linking diverse transaction platforms using Web services at the April 8, 2003 Securities Industry Middleware Council (SIMC) general meeting. The SIMC general meeting will bring together several technology and academic professionals to discuss transactional integrity in the securities industry.

The meeting will investigate a variety of approaches for the securities industry to guarantee transactional integrity, including the emerging concept of Web services. At this meeting, speakers from some of the key companies involved in Web services will discuss the techniques being developed to ensure the reliable completion of transactions.

"The industry has yet to agree on a commonly adopted model for Web services transactions," said Eric Newcomer, CTO of IONA. "By supporting the adoption of standards-based technologies, companies can prove their commitment to ensuring transactional integrity now and in the years to come. Transactional integrity is a main reason why the SIMC started, and I look forward to sharing my ideas on how Web services and services oriented technologies can solve many of the problems facing the council's membership."

About SIMC
SIMC (, established in 1997, is a membership organization of firms in the securities industry. Technology suppliers participate as affiliates. The council is dedicated to enhancing the securities industry's ability to interoperate as a global electronic marketplace by improving its use of middleware and software infrastructure. SIMC carries out this mission by bringing securities industry firms together with vendors, creating better understanding of the special needs of the securities industry. SIMC maintains a policy of vendor and technology neutrality to help ensure its ability to address the needs of the securities industry as a whole.

Membership in the SIMC is open to individuals within organizations that originate, execute, clear or settle securities transactions. Affiliation is open to vendors who provide information and technology and related services to the securities industry.

About IONA
IONA is the leading provider of Rapid Integration software with more than 4,500 customers worldwide. IONA's award-winning Rapid Integration software products are built on: service-oriented architectures that increase reuse of software assets to deliver lasting results, standards-based software that enables vendor independence, and incremental deployment capabilities that lower the customer's risk.

Founded in 1991, IONA® (NASDAQ: IONA) is headquartered in Dublin, Ireland, with U.S. headquarters in Waltham, Massachusetts and offices worldwide. For additional information about IONA, visit our Web site at

IONA, IONA Technologies, the IONA logo, Orbix, , IONA e-Business Platform, iPortal Application Server, SureTrack, IONA XMLBus, Adaptive Runtime Technology, Orbacus, Orbix/E, IONA University and Total Business Integration are trademarks or registered trademarks of IONA Technologies PLC and/or its subsidiaries. Java and J2EE are trademarks or registered trademarks of Sun Microsystems, Inc in the United States and other countries. CORBA is a trademark or registered trademark of the Object Management Group, Inc in the U.S. and other countries.

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