Addressing Shareholders, IONA CEO Peter Zotto Highlighted 2006 Performance and Progress Towards Market Leadership

Addressing shareholders at IONA Technologies’ 2007 Annual General Meeting at the Herbert Park Hotel, Dublin, Chief Executive Officer, Peter Zotto and Chairman of the Board of Directors, Kevin Melia outlined the company’s foundations for future growth and progress towards market leadership. "I am pleased with the initiatives we are undertaking and the foundations we are creating for future growth,” said Mr Zotto. "We had a positive financial performance in 2006, delivering solid profitability, positive cash flow and total revenue growth year over year of 17%, the first revenue growth year since 2001. Artix is now IONA’s engine for future growth and is on track to exceed forty-five percent of total revenue by the end of 2007. At this pace, the Artix product line would exit 2007 at a forty plus million Dollar run rate business. The first half of 2007 has been busy with major developments across our product line driven by acquisition and internal development. We successfully integrated the acquired businesses of C-24 and LogicBlaze, launching new products associated with each and expanding our addressable market. This has created new market opportunities for IONA and has given us significant momentum going forward.” Outlining the company’s growth strategy and business model he added, "We are making progress towards our goal of infrastructure software leadership as driven by two major industry trends, Service Oriented Architecture (SOA) and Open Source software. IONA has strengthened its position at the forefront of both trends with an expanded Artix™ SOA infrastructure suite and the recently launched FUSE™ open source offerings. FUSE has expanded our customer reach and has created new opportunities for the Artix product line. At the same time our Orbix™ (CORBA) business continues to provide customers with reliable, high performance infrastructure support for their mission-critical IT environments, and a stable and profitable revenue stream for IONA. We continue to receive strong validation for Artix from independent industry analysts, customers and partners. Gartner identifies IONA as a ‘visionary’ in the Magic Quadrant for Application Infrastructure while a separate report from analyst firm Current Analysis recognises IONA as a ‘tier-1 vendor with positive rating for vision, market perspective and momentum. Global 2000 class customers, including DZ Bank, Germany’s fourth largest international bank; Trenitalia, the Italian railway transportation arm of Ferrovie dello Stato (F.S.); and NARI Technology, a provider of automation software for the Chinese electric power dispatching industry, and companies like Aepona, a global provider of telecoms software products and services, selected IONA for their strategic enterprise computing initiatives. In addition, we expanded our partner network and strengthened existing marketing and technology relationships with systems integrators and platform providers including CSC and Microsoft.” Mr Zotto concluded, "In a rapidly changing and highly competitive market we must continue to innovate and look for opportunities to accelerate our growth and expand our market opportunity to secure the long term direction of the company.” Chairman, Kevin Melia added, "The underlying strength of the business provides a firm foundation upon which IONA can continue to build sustainable performance and deliver increasing shareholder value. Together with the Board, the IONA team remains firmly committed to the achievement of leadership and profitable growth.” About IONA For more than a decade, IONA® Technologies (NASDAQ: IONA) has been a world leader in delivering high-performance integration solutions for Global 2000 IT environments. IONA pioneered standards-based integration with its CORBA-based Orbix® products. IONA’s Artix™, an advanced SOA infrastructure suite enables customers to leverage service-oriented architecture to streamline and modernize IT environments. The FUSE™ family of open source distributed SOA infrastructure products allows customers to take advantage of the economic benefits associated with the use of open source software. 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 http://www.iona.com. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning expectations regarding projected total revenue, total expenses, SFAS 123R share-based compensation expense, and amortization of purchased intangible assets for the third quarter of 2007, demand for our products, the adoption of service oriented architectures, future operating performance, and economic and market conditions. The forward-looking statements made are neither promises nor guarantees and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated or indicated, including risks and uncertainties relating to growth in market demand for service oriented architectures and enterprise service bus software; volume, timing and seasonal patterns of product sales; impact of competitive products and pricing; delays or issues with the development, launch and market acceptance of new and improved products; undetected errors in software; the integration of any future acquisitions; anticipated tax rates; and general economic conditions, including their effect on the acquisition of new accounts and the time required to close sales transactions. For a more detailed discussion of the risks and uncertainties, please refer to our most recent Annual Report on Form 20-F and other periodic reports and registration statements filed with the Securities and Exchange Commission. You should not place undue reliance on any such forward-looking statements in this press release, which are current only as of the date when made. You should not expect that these forward-looking statements will be updated or supplemented as a result of changing circumstances or otherwise, and IONA disavows and disclaims any obligation to do so. IONA, IONA Technologies, the IONA logo, Orbix, High Performance Integration, Artix, FUSE and Making Software Work Together are trademarks or registered trademarks of IONA Technologies PLC and/or its subsidiaries. CORBA is a trademark or registered trademark of the Object Management Group, Inc. in the United States and other countries. All other trademarks that may appear herein are the property of their respective owners.