The Adaptive SOA Framework pulls together several existing tools that were previously disparate and new tools into a single design-time environment for exposing applications as web services within an SOA environment.
In effect what iWay has done is to bundle its design-time tools on top of the web services bus runtime environment. This allows iWay adapters to be deployed as managed web services that are consumable by web applications.
iWay, which is a division of business intelligence software maker Information Builders, is calling them "smart services" since they contain multiple manipulation logic rolled up into a single web service that business users can readily understand.