Rocket Software Incorporated is a global technology leader driving modernization at the world’s largest enterprises. announced that it has entered into a definitive agreement to acquire its Application Modernization and Connectivity business (AMC). The business is owned by OpenText and was previously a division of Micro Focus. The total acquisition price is $2.275 billion.
For decades, Rocket Software has partnered with the largest and most innovative companies to solve their complex IT challenges across infrastructure, data and applications. The company’s hybrid cloud strategy allows customers to optimize their application portfolios at any stage of their modernization journey, closing the gap with modern use cases without disrupting mission-critical operations. This approach allows businesses to benefit from the security and reliability of the mainframe while also leveraging the powerful analytical tools of the cloud.
AMC has long been a leader in application modernization, offering industry-leading tools such as COBOL and host connectivity. These tools give businesses the flexibility to modernize and leverage their core applications so they can run anywhere. With the acquisition of AMC, Rocket Software will have a diverse modernization portfolio that can meet customer demands on-premises or through a hybrid cloud strategy.
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5 Key Strategic Goals Rocket Software Will Achieve Through the AMC Acquisition
- A comprehensive product portfolio for every use case, from mainframes to hybrid workloads, meets the needs of enterprises at every stage of their modernization journey.
- We enable our customers to derive value from decades of investments in the core applications that run their businesses, while innovating and making the most of new applications and technologies.
- Consolidate our leadership position in hybrid cloud, deepen our relationships with existing customers, and ensure sustainable growth in the traditional enterprise IT market. The company is positioned not only to address customers’ immediate needs, but also to guide their modernization journey over the long term.
- Expanding and complementing industry-leading R&D knowledge and applying emerging technologies such as generative AI to foster continuous innovation.
- Further strengthen our position as the partner of choice to meet industry and customer needs and achieve superior customer success.
said Milan Shetty, President and CEO of Rocket Software. “We see ourselves as a great partner for our customers, specializing in helping them wherever they are in their modernization journey and minimizing unnecessary operational risks. Solutions and expertise are an integral part of many companies looking to unlock business opportunities using hybrid cloud. We are thrilled to welcome AMC’s business and its talented team. This will be a bright moment for the market and the many companies that share our vision of combining the best of both worlds.”
By combining industry-leading customer service and innovation resources, the company is uniquely positioned in the market to not only meet customers’ immediate needs, but also support their long-term transformation. These deep customer relationships strengthen customer retention, expand cross-selling opportunities, and foster sustainable business growth.
SOURCE: Businesswire