Iona Technologies said in a statement today that it had retained Lehman Brothers to evaluate strategic alternatives, including a sale of the company.
Earlier this month, the software group confirmed that it had received a takeover approach. In a short statement, Iona described the approach as 'unsolicited' and 'preliminary'. Its shares have been rising since the news.
Last month the company reported disappointing 2007 sales figures and said it would be seeking to cut staff numbers as part of a cost-cutting programme.
Iona shares were unchanged at €2.25 in Dublin this afternoon.
