IONA New Office Now

Waltham, MA  September 18, 2001  IONA, an e-business platform provider, today announced that Jim Boak has been appointed CTO. Boak, who joins IONA from Compaq, 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 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."

Boak spent more than six years at Compaq. 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. Boak received his B.S.E.E. and M.S.E.E. from the University of Toledo.