Iona paid $7.3m for loss-making British firm

Software firm Iona Technologies paid $7.3 million (€5.4 million) for Century24 Solutions (C24), a loss-making British firm it bought in March.

2nd June, 2007

Software firm Iona Technologies paid $7.3 million (€5.4 million) for Century24 Solutions (C24), a loss-making British firm it bought in March.

Iona did not disclose the price paid for the firm at the time, but stock exchange filings show that it paid $7 million in cash for C24.

The deal also involved $300,000 in acquisitions costs, including legal and accounting fees, according to the filings.

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