IONA AND TOSHIBA FORGE STRATEGIC PARTNERSHIP

Relationship a Springboard for Delivery of Web Services Integration Solutions in Japanese Market

Waltham, MA and TOKYO, Japan - January 7, 2002 -IONA®, the leading e-Business platform provider for Web Services Integration (NASDAQ: IONA), today announced a strategic partnership with Toshiba e-Solutions Company, a business of Toshiba Corporation, to cooperate in delivering e-business and systems integration solutions to current and future clients throughout the Japanese market.

By joining IONA Japan's Certified Strategic Partnership Program, Toshiba will be able to strengthen its e-business systems integration offerings with IONA Orbix E2A™. Under the terms of this agreement, Toshiba may utilize IONA's Orbix E2A Web Services Integration solutions in proposing customer solutions and building next-generation e-business integration platforms. IONA's experience with CORBA-based service-oriented architectures and success delivering standards-based integration solutions has positioned the company as an early leader in the market for Web Services Integration solutions.

"IONA's product set and integration technology have an extensive track-record in the telecommunications and manufacturing industries," said Yasuo Miyabe, General Manager, Toshiba e-Solutions Strategic Planning Division. "At Toshiba, we are thoroughly convinced of the importance of CORBA, and in systems-related work, we think that it is a must-have technology. We have adopted CORBA as a core technology element within Toshiba's own systems development project work. We are aggressively acting in the capacity of a CORBA center of competence which functions as a key resource for this technology's application and advancement, as well as for education around CORBA initiatives."

"We believe that this alliance will enable us to provide CORBA and other standards-based system solutions that result in even higher levels of satisfaction from our customers. We anticipate seeing an expansion of business opportunities that allow us to meet our customers' needs by extending our cooperation with IONA to the field of Web Services Integration," Miyabe concluded.

"Toshiba has rated IONA's technical capabilities very highly, leading to the conclusion of this strategic partnership agreement. Given Toshiba's known strengths in the Japanese market in the areas of systems development and solutions crafting, we believe that this arrangement expands the possibilities for implementations of IONA's technology offerings ranging from embedded systems to business-to-business integration," said Shinya Saito, Managing Director of IONA Technologies Japan Ltd.

"In the area of Web Services Integration, IONA will be employing its rigorously standards-based technology in support of its close cooperation with Toshiba," continued Saito. "This cooperation is designed to allow both our companies to offer high-quality solutions to an increasingly broader range of customers in the Japanese marketplace."

Orbix E2A Product Lines
The Orbix E2A Web Services Integration Platform - which combines business-to-business, enterprise integration, and application development functionality - is built on Web services standards and a services-oriented architecture to cut the cost of application integration both inside and outside the firewall. The Orbix E2A Web Services Integration Platform provides all the tools and the management services required for reliable, scalable, and secure dynamic data exchange, business process automation, and composite applications. The Orbix E2A Web Services Integration Platform is available in three editions: XMLBus, Partner and Collaborate.

The Orbix E2A Application Server Platform is the most deployed, heterogeneous application server in the industry. Orbix E2A Application Server Platform combines the scalability of CORBA and the productivity of J2EE, with Web services standards. The Orbix E2A Application Server Platform provides the management services required for reliable, scalable, and secure applications. The Orbix E2A Application Server Platform is available in three editions: J2EE Technology, Standard and Enterprise.

About Toshiba e-Solutions Company:
e-Solutions Company, one of Toshiba's ten in-house companies, enjoys unique strengths in Information and Communications Technology (ICT). The company also provides IT-related solutions and services, including consultation and system integration (SI), and is an application service provider (ASP). In supporting customers and society with advanced ICT systems, including systems for digital broadcasting, intelligent transportation systems (ITS), automation of newspaper production, securities trading and patent examination, e-Solutions Company fully utilizes Toshiba group's diverse strengths.

Parent Toshiba Corporation is a leader in information and communications systems, electronic components, consumer products and power systems. The company's integration of these wide-ranging capabilities assures its position as an innovator in advanced components, products and systems. Toshiba has 188,000 employees worldwide and annual sales of over US$47 billion.

For additional information, visit Toshiba's website at: http://www.toshiba.co.jp/index.htm

About IONA
IONA is the leading e-Business Platform provider for Web Services Integration with more than 5,000 customers worldwide including a majority of the Global Fortune 500 and leaders in the aerospace, financial, ISV, manufacturing, retail and telecommunications industries. IONA Orbix E2A™, which consists of the Orbix E2A Web Services Integration Platform and Orbix E2A Application Server Platform, enables the flow of information across disparate systems and the liberation of application assets for new business opportunities. 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 850 people in 30 offices worldwide. For additional information about IONA, visit our Web site at http://www.iona.com.

IONA, IONA Technologies, the IONA logo, Orbix, E2A, End 2 Anywhere, End To Anywhere, Orbix E2A, IONA E2A, 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. All other trademarks that may appear herein are the property of their respective owners.

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