Here's what the inestimable (and seemingly inexhaustible) Tony Baer has to say about the blockbuster news on Progress sweeping up IONA:
"This is another step in the winnowing of the ESB market, if there still is such a creature. Last year, which was a good one for the software industry, saw Iona's revenues go flat and margins sink into the red. Although Iona's ESB businesses were growing, undoubtedly the prime attraction for Progress is the legacy base of Orbix customers whose transaction-heavy loads provide a good complement for its DataDirect business. For the ESB business, Iona brings a modest stable of customers who might be attractive converts for the more mature Sonic product set. Otherwise, in the long run, there won't be such a thing as an ESB business per se, as customers will buy them as part of larger solutions."
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