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IPE wood is refered to a species of wood from Brazil, under the species Tabebuia serratifolia, Yellow poui
which again falls under the term known as IRONWOOD.

http://en.wikipedia.org/wiki/Tabebuia

Ironwood is a common name for a large number of woods that have a reputation for hardness. Usage of the name may (or may not) include the tree that yields this wood. Some of the species involved are:

Acacia estrophiolata, Southern ironwood
Androstachys johnsonii, Lebombo ironwood
Carpinus caroliniana, American hornbeam
Casuarina equisetifolia, Common ironwood from Australia
Casuarinaceae (she-oaks) in general
Chionanthus foveolatus , Pock ironwood from South Africa
Choricarpia subargentea, Giant ironwood
Copaifera spp., Diesel Tree, Kerosene Tree, Kupa’y, Cabismo, or Copaúva
Diospyros blancoi, Mabolo, Velvet Apple, or Kamagong native to the Philippines
Erythrophleum chlorostachys, Cooktown ironwood from Australia.
Eusideroxylon zwageri, Borneo ironwood
Guaiacum officinale, Lignum vitae
Guaiacum sanctum, Holywood
Holodiscus discolor, Creambrush
Hopea odorata, White thingan, Ceylon or Malabar ironwood
Krugiodendron ferreum, Black Ironwood
Lophira alata, Red ironwood
Lyonothamnus floribundus, Lyon tree
Lyonothamnus lyonii, Catalina ironwood
Mesua ferrea, Rose chestnut or Ceylon ironwood or Nahar
Nestegis apetala, Coastal maire, Broad-leaved maire or Ironwood
Olea spp., Various olive trees
Olneya tesota, Desert ironwood
Ostrya virginiana, Hop hornbeam
Parrotia persica, Persian ironwood
Tabebuia serratifolia, Yellow poui
Vepris lanceolata, The White ironwood tree of South Africa
Xanthostemon verdugonianus, Philippine Ironwood or Mangkono, endemic to the Philippines

Therefore IPE can be called as ironwood, while other species of ironwood cannot be known as IPE timber.

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Related Posts:

• Okan Ironwood Decking – one of the Hardest wood, Class 1 Fire Rating
• Blog: Timber the Older the Better
• Ironwood as DeckWood Pros and Cons.
• Ipe Deck Blog: Ipe/ Ironwood decking is Green Project
• Borneo IronWood Decking – Hardest wood in South East Asia