IONA NAMES JIM BOAK, FORMERLY VICE PRESIDENT, TECHNICAL STRATEGY AT COMPAQ, AS NEW CHIEF TECHNOLOGY OFFICER

IONA Co-Founder Dr. Sean Baker will take on New Role as Chief Corporate Scientist and will remain a Director

Waltham, MA - September 18, 2001 - IONA®, the leading e-Business Platform provider for Total Business Integration™ (NASDAQ: IONA), today announced that Jim Boak has been appointed Chief Technology Officer. Boak, who joins IONA from Compaq (NYSE: CPQ), is responsible for setting corporate strategy as part of the IONA Senior Management Team, driving strategic relationships with key industry players, and serving as spokesman for IONA's technology vision.

"We are adding a new executive to our senior management who brings a wealth of experience, industry prominence and vision to IONA. Jim is widely recognized in the industry as a force in the field of distributed computing systems," said Barry Morris, IONA's CEO. "IONA is now poised to seize a leadership position in the market for business integration using Web Services to leverage the power of the Internet. Adding Jim to the IONA team is an important step toward achieving that leadership position."

"While at Compaq, I looked deeply at IONA and concluded that the company is at the top of the curve in Web Services technology" said Jim Boak. "Web Services architectures are at the heart of next generation system designs. The IONA product portfolio provides a powerful starting point to drive industry leadership for the decade ahead. I am very excited to join IONA at this key point in its corporate development."

Jim Boak spent more than six years at Compaq, most recently as Vice President, Technical Strategy in the Office of the CTO. His responsibilities included creation of Compaq's clustering, Internet, database, and applications groups, as well as development of a comprehensive corporate software strategy and management of Compaq's executive relationship with Microsoft. Prior to Compaq, Boak was Vice President for Technology at Migration Software of San Jose, California. His background includes hardware, software and operating system design for minicomputers and microprocessor systems. Over the last 30 years, his work has ranged from fault tolerant multiprocessor design, CAT scanner and process control design, through pioneering work in UNIX and Intel-based client server systems, to his recent work on technology for the distributed enterprise. Boak received his B.S.E.E. and M.S.E.E. from the University of Toledo.

As Chief Corporate Scientist and a member of IONA's Board of Directors, former CTO Sean Baker will be re-directing his time towards research and technical publications, and spending more time with his family.

"Sean Baker is a recognized leader in the industry and his insights and skill have been critical in establishing and growing IONA," added Morris. "We are very pleased that he will be able to continue to contribute to the company as a leading author and speaker in the areas of middleware and distributed systems."

About IONA
IONA® is the leading e-Business Platform provider for Total Business Integration™ with more than 4,500 customers worldwide including a majority of the Global Fortune 500 and leaders in the aerospace, financial, ISV, manufacturing, and telecommunications industries. IONA is dedicated to providing customers and partners enterprise-class e-business solutions that define reliability, efficiency and return on investment. The IONA e-Business Platform™ includes enterprise application and business-to-business integration (B2Bi) solutions, a Java 2, Enterprise Edition™ (J2EE)-certified application server, as well as innovative Web services, Java™, and CORBA® development tools. Founded in 1991, IONA (NASDAQ: IONA) is headquartered in Dublin, Ireland with U.S. headquarters in Waltham, Massachusetts. The company had revenues of $153 million in 2000 and employs more than 900 people in 30 offices worldwide. Please visit www.iona.com for more information.

IONA, IONA e-Business Platform, iPortal Application Server, IONA Enterprise Integrator, IONA Mainframe Integrator, IONA B2B Integrator, iPortal SureTrack, IONA XMLBus, Orbix, Adaptive Runtime Technology and Total Business Integration are trademarks or registered trademarks of IONA Technologies. SUN, Sun Microsystems, the Sun Logo, 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. All other trademarks are the property of their respective owners.

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