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Rocket Software
Rocket Software is a privately held software development firm founded in 1990. Using the IBM Z, IBM Power, and embedded database platforms, Rocket provides predictive analytics with deep data, develops AI and machine learning capabilities, and designs mobile and browser applications. Its software runs on multiple platforms and operating systems, including mainframe, IBM z/OS, IBM i, UNIX, Windows and other platforms and offers tools to access non-SQL data with standard SQL queries.[citation needed] Rocket operates in markets including the financial, banking, health care, government, insurance, aerospace, auto manufacturing, and retail industries.
Rocket has a business partnership with IBM that began in 1994 with a licensing agreement for Rocket QMF tools. Since 2018, Bain Capital has owned a majority stake in the company. Rocket is headquartered in Waltham, Massachusetts, USA.
Rocket Software was founded in Boston in 1990 by Andy Youniss and Johan Magnusson Gedda with a focus on IBM DB2 tools.[citation needed] Over the next three decades, the company grew both organically and through dozens of acquisitions, including Zephyr, Shadow, Aldon, and D3.
In 2018, Bain Capital acquired a majority stake in the company in a deal that valued Rocket Software at nearly $2 billion. Since then, the company has continued to grow through a number of acquisitions.
In 2021, Rocket acquired ASG Technologies, an enterprise information management and IT System Management Solutions Software provider. That same year Rocket acquired the database and tools products of Zumasys including jBASE MultiValue DB and Netherlands-based development platform Uniface.
In November 2021, Milan Shetti was named CEO, replacing co-founder and longtime CEO Andy Youniss.
In June 2022, Rocket released the latest version of its ASG-Enterprise Orchestrator (AEO) DevOps value stream orchestration platform. In September 2022, Rocket acquired BOS, a German developer of data integration tools. The unit was renamed Rocket Data Replicate and Sync.
In 2023, Rocket acquired Key Resources, which specializes in mainframe security and vulnerability identification and assessment. In November 2023, Rocket agreed to buy OpenText’s Application Modernization and Connectivity (AMC) business for $2.28 billion in cash. Under the agreement, AMC’s software, associated services and about 750 employees were integrated into Rocket Software. The deal, which was completed in May 2024, increased Rocket Software’s revenue by 60% and grew its customer base to greater than 12,500 companies.
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Rocket Software
Rocket Software is a privately held software development firm founded in 1990. Using the IBM Z, IBM Power, and embedded database platforms, Rocket provides predictive analytics with deep data, develops AI and machine learning capabilities, and designs mobile and browser applications. Its software runs on multiple platforms and operating systems, including mainframe, IBM z/OS, IBM i, UNIX, Windows and other platforms and offers tools to access non-SQL data with standard SQL queries.[citation needed] Rocket operates in markets including the financial, banking, health care, government, insurance, aerospace, auto manufacturing, and retail industries.
Rocket has a business partnership with IBM that began in 1994 with a licensing agreement for Rocket QMF tools. Since 2018, Bain Capital has owned a majority stake in the company. Rocket is headquartered in Waltham, Massachusetts, USA.
Rocket Software was founded in Boston in 1990 by Andy Youniss and Johan Magnusson Gedda with a focus on IBM DB2 tools.[citation needed] Over the next three decades, the company grew both organically and through dozens of acquisitions, including Zephyr, Shadow, Aldon, and D3.
In 2018, Bain Capital acquired a majority stake in the company in a deal that valued Rocket Software at nearly $2 billion. Since then, the company has continued to grow through a number of acquisitions.
In 2021, Rocket acquired ASG Technologies, an enterprise information management and IT System Management Solutions Software provider. That same year Rocket acquired the database and tools products of Zumasys including jBASE MultiValue DB and Netherlands-based development platform Uniface.
In November 2021, Milan Shetti was named CEO, replacing co-founder and longtime CEO Andy Youniss.
In June 2022, Rocket released the latest version of its ASG-Enterprise Orchestrator (AEO) DevOps value stream orchestration platform. In September 2022, Rocket acquired BOS, a German developer of data integration tools. The unit was renamed Rocket Data Replicate and Sync.
In 2023, Rocket acquired Key Resources, which specializes in mainframe security and vulnerability identification and assessment. In November 2023, Rocket agreed to buy OpenText’s Application Modernization and Connectivity (AMC) business for $2.28 billion in cash. Under the agreement, AMC’s software, associated services and about 750 employees were integrated into Rocket Software. The deal, which was completed in May 2024, increased Rocket Software’s revenue by 60% and grew its customer base to greater than 12,500 companies.