Rocket Software , Inc. (“Rocket Software”), a global technology leader in modernization software, has solidified its position as the partner of choice, enabling leading businesses in the world to carry out their modernization projects. By completing the acquisition of the Application Modernization and Connectivity (AMC) business of OpenText, formerly part of Micro Focus, Rocket Software now offers its customers modernization software solutions spanning the mainframe to the cloud. With a total purchase price of $2.275 billion, before taxes, fees and other accruals, the deal increases the company’s revenue by more than 60% and expands its customer base to more than 12,500 companies and its network of more than 750 partners around the world. Additionally, the company is welcoming more than 770 new software engineers, market professionals and other support team members, and is recruiting hundreds of additional Rocketeers to complement its existing team.
“ Rocket Software’s customers are global market leaders who consistently set new benchmarks of excellence and innovation in their industries that we are proud to fuel and advance,” said Milan Shetti , Chairman and CEO. from Rocket Software. “ The acquisition of OpenText’s AMC business is an important milestone that sets a similar new standard for innovation and modernization excellence at Rocket Software and significantly accelerates our strategic growth and facilitates our access to market. We now have the solutions, resources and expertise to meet the challenges of large-scale modernization, as well as the ongoing flexibility, winning culture, proven partnerships and growth mindset needed to help our customers to gain today and in the near future. »
” The combination of OpenText’s AMC business and Rocket Software’s highly complementary businesses will create one of the world’s largest mainframe modernization and connectivity software companies,” said Peter Rutten, vice president of research, Performance Intensive Computing, IDC. “ While many in the industry advocate moving everything to the cloud or never leaving the mainframe, this investment shows Rocket Software’s commitment to meeting the needs of its customers, wherever they are. in their modernization projects. Now, Rocket Software will have a comprehensive portfolio allowing customers to modernize their workloads on-premises, move applications to the cloud, or a combination of both through a hybrid strategy, which is what most businesses prefer.
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With the talent and innovation acquired from AMC, the company has raised the bar for modernization innovation with a single partner:
- Delivers cutting-edge technology for mainframe modernization leveraging its deep expertise and long-standing commitment to optimizing mainframe systems to facilitate smooth, secure, and compliant solutions that meet today’s demands. digital
- Meets the needs of its customers wherever they are in their journey with in-depth knowledge of the entire landscape and a comprehensive range of software solutions suited to all stages of modernization
- Values and leverages past and current investments by recognizing that there is a better approach to modernization than rip and replace and instead helps customers leverage their current infrastructure so technology evolves seamlessly
- Delivers solutions as a true partner, not just a vendor with a 93.7% customer satisfaction rating for businesses that demand nothing less than excellence, and need a trusted partner
Rocket Software will integrate and continue to develop AMC products to enrich its portfolio, helping customers remain competitive and leverage their data, applications and infrastructure, regardless of their modernization strategy. In addition to several complementary host connectivity, application development and CORBA solutions, Rocket Software will also offer COBOL and Enterprise Suite, market-leading technologies that enable businesses to run COBOL and PL/I applications on distributed or cloud servers. These additional features expand the mainframe modernization approaches that Rocket Software can provide, providing choice and enabling customers to run workloads where it makes sense for their business. This scale, along with the ability to integrate different approaches, allows customers to seamlessly connect any combination of solutions across the modernization continuum.
SOURCE: Businesswire