• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Bain Buys Rocket for $2 Billion

    October 10, 2018 Alex Woodie

    Rocket Software announced yesterday that Bain Capital Private Equity has agreed to acquire a majority stake in the company for $2 billion. The company’s management team will remain intact following the transaction, which is expected to be completed this quarter.

    Rumors have been swirling in recent months that Rocket had put itself on the market and was looking to sell itself or its products. The investment by Bain Capital should put an end to the speculation, as Rocket CEO and president Andy Youniss says the company is embarking upon its fourth decade of growth.

    “This new relationship will allow us to devote significant resources to our new global R&D organization, while developing and delivering even more solutions that help our customers both optimize and modernize their applications, data, and security infrastructure on IBM Z, IBM i, and MultiValue application platforms,” Youniss says in a press release.

    Rocket Software owns several IBM i product lines thanks to various acquisitions over the years, including Aldon, Seagull, BlueZone, and iCluster. Through those products, the company plays in a range of IBM i-related IT disciplines, including application lifecycle management, DevOps, application modernization, mobile development, terminal emulation, high availability, and disaster recovery.

    The privately held, Waltham, Massachusetts-based company has traditionally also has a strong play in the System z mainframe, and is a player in the big data analytics space through the MultiValue database it acquired from IBM. The company also developed IBM’s Cloud Storage Solutions on behalf of Big Blue, which sells it as its own product to IBM i customers.

    Bain Capital is one of the country’s storied private equity firms, but so far it hasn’t intersected much in the market for IBM i business software. The company, which was co-founded by former presidential candidate and Massachusetts governor Mitt Romney, reportedly made a $1.6-billion offer to buy Micro Focus back in 2011. But the activity in the IBM i portion of the enterprise IT market has been generated from other private equity firms, such as Apax Partners, H.I.G. Capital, Golden Gate, and others.

    David Humphrey, a managing director at Bain Capital, says the company is looking forward to working with Rocket. “Rocket Software is resoundingly viewed as a trusted resource by customers and partners who depend upon its reliable technology and mission-critical product portfolio,” he stated in a press release. “The company has been enormously successful transforming and continually improving its innovative solutions as well as integrating acquisitions.”

    RELATED STORIES

    Rocket Gits Hip to Emerging IBM i Tech

    Rocket Adds IBM i Support to Backup Reporting Tool

    Rocket Brings Mobile App DevOps Into The IBM i Fold

    Rocket: We’re More Than the Sum of Our (IBM i) Parts

    Rocket Software Buys iCluster HA Biz From IBM

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: DevOps, IBM i, IBM Z, System z

    Sponsored by
    WorksRight Software

    Do you need area code information?
    Do you need ZIP Code information?
    Do you need ZIP+4 information?
    Do you need city name information?
    Do you need county information?
    Do you need a nearest dealer locator system?

    We can HELP! We have affordable AS/400 software and data to do all of the above. Whether you need a simple city name retrieval system or a sophisticated CASS postal coding system, we have it for you!

    The ZIP/CITY system is based on 5-digit ZIP Codes. You can retrieve city names, state names, county names, area codes, time zones, latitude, longitude, and more just by knowing the ZIP Code. We supply information on all the latest area code changes. A nearest dealer locator function is also included. ZIP/CITY includes software, data, monthly updates, and unlimited support. The cost is $495 per year.

    PER/ZIP4 is a sophisticated CASS certified postal coding system for assigning ZIP Codes, ZIP+4, carrier route, and delivery point codes. PER/ZIP4 also provides county names and FIPS codes. PER/ZIP4 can be used interactively, in batch, and with callable programs. PER/ZIP4 includes software, data, monthly updates, and unlimited support. The cost is $3,900 for the first year, and $1,950 for renewal.

    Just call us and we’ll arrange for 30 days FREE use of either ZIP/CITY or PER/ZIP4.

    WorksRight Software, Inc.
    Phone: 601-856-8337
    Fax: 601-856-9432
    Email: software@worksright.com
    Website: www.worksright.com

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Four Hundred Monitor, October 10 Kisco Bolsters Network Socket Security

    Leave a Reply Cancel reply

TFH Volume: 28 Issue: 68

This Issue Sponsored By

  • ProData Computer Services
  • Rocket Software
  • SEA
  • COMMON
  • Manta Technologies

Table of Contents

  • Infor Elaborates on Coleman, IBM i Strategy
  • Kisco Bolsters Network Socket Security
  • Bain Buys Rocket for $2 Billion
  • Four Hundred Monitor, October 10
  • IBM i PTF Guide, Volume 20, Number 40

Content archive

  • The Four Hundred
  • Four Hundred Stuff
  • Four Hundred Guru

Recent Posts

  • ARCAD’s Deal with IBM for DevOps In Merlin Is Exclusive
  • In The IBM i Trenches With: Maxava
  • Is The Cloud On Your IBM i Horizon?
  • Four Hundred Monitor, September 20
  • IBM i PTF Guide, Volume 25, Number 38
  • The Subscription Pricing For The IBM i Stack So Far
  • Facing The Challenges Of Upgrading Old Systems With The Cloud
  • Guru: Generating XML Using SQL – The Easy Way
  • Rocket Buys Data Integration Provider B.O.S.
  • IBM i PTF Guide, Volume 25, Number 37

Subscribe

To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

Pages

  • About Us
  • Contact
  • Contributors
  • Four Hundred Monitor
  • IBM i PTF Guide
  • Media Kit
  • Subscribe

Search

Copyright © 2023 IT Jungle