Rocket Software, a global technology leader, has completed its acquisition of the Application Modernization and Connectivity (AMC) business of OpenText. This strategic move strengthens Rocket Software’s position as a partner of choice for businesses undergoing modernization. With a purchase price of $2.275 billion, Rocket Software’s revenue has surged by over 60%, expanding its customer base to more than 12,500 companies globally.
The acquisition brings together OpenText’s AMC business with Rocket Software’s existing portfolio, creating one of the world’s largest mainframe modernization and connectivity software companies. By combining their complementary technologies, Rocket Software can offer comprehensive solutions that cater to clients at any stage of their modernization journey, whether it involves optimizing mainframe environments, migrating to the cloud, or implementing hybrid strategies.
Peter Rutten, Research Vice-President at IDC, emphasizes that Rocket Software’s investment demonstrates a commitment to meeting clients wherever they are in their modernization journey. Moving everything to the cloud may not always be the best approach, and Rocket Software recognizes the importance of providing customers with choices and flexibility.
Rocket Software’s expanded capabilities include Host Connectivity, Application Development, CORBA solutions, as well as the market-leading COBOL and Enterprise Suite technologies. These additions enable customers to run COBOL and PL/I applications on distributed or cloud servers, expanding the options available for mainframe modernization.
The company’s focus on being a true partner, not just a vendor, is reflected in its high customer satisfaction rate of 93.7%. Rocket Software values and builds on past and current investments, helping customers leverage their existing foundation for a seamless technological evolution.
As Rocket Software integrates and further develops the AMC products, customers can expect enhanced solutions that enable them to stay competitive and leverage their data, applications, and infrastructure. The company’s breadth of offerings allows for seamless integration across the modernization continuum, ensuring customers can connect various solutions as needed.
Rocket Software’s acquisition of OpenText AMC positions the company as a leader in modernization innovation and provides customers with a trusted partner for their digital transformation journey. With its comprehensive range of software solutions and commitment to excellence, Rocket Software continues to empower businesses worldwide in their modernization initiatives.
To learn more about Rocket Software and its enhanced capabilities and solutions, visit their website.
Rocket Software’s acquisition of OpenText AMC has solidified its position as a key player in the modernization market. The purchase price of $2.275 billion has significantly boosted Rocket Software’s revenue, allowing it to grow its customer base to over 12,500 companies globally. This acquisition has also created one of the world’s largest mainframe modernization and connectivity software companies.
By combining OpenText’s AMC business with Rocket Software’s existing portfolio, the company is able to offer comprehensive solutions for businesses at any stage of their modernization journey. This includes optimizing mainframe environments, migrating to the cloud, and implementing hybrid strategies. This strategic move demonstrates Rocket Software’s commitment to meeting clients wherever they are in their modernization journey, recognizing the importance of providing choices and flexibility.
Rocket Software’s expanded capabilities include Host Connectivity, Application Development, CORBA solutions, as well as market-leading COBOL and Enterprise Suite technologies. These additions allow customers to run COBOL and PL/I applications on distributed or cloud servers, expanding the options available for mainframe modernization.
One advantage of this acquisition is Rocket Software’s focus on being a true partner to its customers, rather than just a vendor. The company has a high customer satisfaction rate of 93.7%, reflecting its commitment to valuing and building on past and current investments. Rocket Software helps customers leverage their existing foundation for a seamless technological evolution.
As Rocket Software integrates and develops the AMC products further, customers can expect enhanced solutions that enable them to stay competitive and leverage their data, applications, and infrastructure. Rocket Software’s breadth of offerings allows for seamless integration across the modernization continuum, ensuring customers can connect various solutions as needed.
One key challenge or controversy associated with this subject is the potential resistance to modernization efforts, particularly among businesses deeply entrenched in legacy systems. Convincing these organizations of the benefits and advantages of modernization may require significant effort and resources.
Overall, Rocket Software’s acquisition of OpenText AMC positions the company as a leader in modernization innovation and provides customers with a trusted partner for their digital transformation journey. With its comprehensive range of software solutions and commitment to excellence, Rocket Software continues to empower businesses worldwide in their modernization initiatives.
For more information on Rocket Software and its enhanced capabilities and solutions, visit their website.