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 …Read more