R

Rocket Software

Modernizes IBM legacy systems with software

Overview

Rocket Software helps large organizations keep their older IBM-based systems running while adding modern capabilities. It provides software and services that modernize legacy environments, especially IBM i and IBM Z, through application modernization, process automation, data management, and DevOps. Customers typically buy software licenses or subscribe to services and pay for consulting and support. The products work by integrating with existing mainframe and midrange systems to improve performance, security, and functionality while enabling automation and better data handling. What sets Rocket Software apart is its focused specialization in IBM platforms and legacy systems, offering a broad mix of licenses, subscriptions, and professional services to extend the life of critical infrastructure and reduce operational risk. The company aims to help clients stay competitive by modernizing their core IT, lowering risk, and improving efficiency without replacing their established systems.

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About Rocket Software

Simplify's Rating
Why Rocket Software is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsConsultingEnterprise Software

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$382.6M

Headquarters

Waltham, MA

Founded

1990

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What believers are saying

  • October 13, 2026 Geniez AI acquisition adds mainframe AI talent and accelerates EVA.
  • October 27, 2026 Rocket.Build drew 650 innovators and 230 AI projects across 14 countries.
  • September 10, 2026 z/Assurance addresses customer demand for IBM Z risk and compliance.

What critics are saying

  • Oracle, IBM, and OpenText still attack Rocket's modernization wallet share through adjacent platforms.
  • September 11, 2026 CollegeNET litigation keeps licensing and copyright disputes expensive and distracting.
  • If mainframe AI pilots stall by 2027, Rocket's EVA narrative loses urgency.

What makes Rocket Software unique

  • Rocket Software owns deep IBM Z and IBM i workflow knowledge customers cannot easily replace.
  • October 2026 EVA and PlanGuard target governed agentic AI for mainframe operations.
  • May 2026 Vertica acquisition adds analytics depth to Rocket's modernization stack.

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Funding

Total Funding

$382.6M

Above

Industry Average

Funded Over

4 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Life Insurance
  • Disability Insurance
  • Unlimited Paid Time Off
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Professional Development Budget
  • Conference Attendance Budget

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

1%
Rocket Software
Oct 27th, 2026
Rocket Software selects 23 projects to compete at Rocket.Build 2026 Finals in London.

Rocket Software selects 23 projects to compete at Rocket.Build 2026 Finals in London. 27 October, 2026 Summary. More than 650 innovators from 14 countries submitted over 230 AI-focused projects designed to improve customer outcomes and connect innovation across Rocket Software's portfolio WALTHAM, Mass. - October 27, 2026 - Rocket Software, a global technology leader in modernization software, today announced the 23 projects advancing to the Rocket.Build 2026 Finals, taking place November 3-5 in London. More than 650 innovators from 14 countries submitted over 230 projects, demonstrating the scale, ingenuity, and global collaboration driving the next generation of AI-powered solutions across the Rocket Software ecosystem. Rocket.Build has grown from an internal hackathon into a global innovation program that brings together employees, customers, partners, and students to solve real-world challenges and create meaningful impact. Launched in 2014 to spark product innovation, the program now gives participants across Rocket Software's global ecosystem a forum to experiment with new technologies and turn ideas into solutions to benefit customers and the broader community. This year's program challenged participants to explore how AI and Rocket Software's portfolio can help customers realize value faster, simplify mission-critical environments, and accelerate modernization. Projects were developed around three themes: * Transforming Customer Outcomes: Creating AI-powered experiences that help customers deliver faster, clearer and more intuitive outcomes for their end users. * Reinventing How Work Gets Done: Using AI and modern technology to simplify workflows, reduce operational overhead, and help technical and business teams work more effectively. * Unlocking Value Through Cross-Product Innovation: Bringing Rocket products and data together to create new capabilities through shared insights, connected workflows and product synergy. "Rocket.Build has become more than an opportunity to experiment. It's a way for our teams to turn bold ideas into innovation grounded in the challenges our customers are trying to solve," said Neil Fowler, SVP of Software Engineering, Hybrid Cloud. "This year's finalists show how AI can be applied in practical ways across our portfolio to simplify complex environments, improve how work gets done, and create better experiences. Their projects reflect what's possible when we combine experimentation with deep expertise and a relentless focus on customer impact." Following virtual coding and regional judging in September, 23 projects were selected to advance to London. These span Rocket Software's portfolio, including several focused on Vertica(R) and others incorporating capabilities such as Rocket(R) EVA(TM) and Rocket(R) ContentEdge(TM), addressing challenges across mainframe operations, security, analytics, software development, customer support, and operational efficiency. Many projects apply AI to areas such as vulnerability detection, root-cause analysis, and transforming complex data into actionable insights. The finalist projects explore experimental concepts and do not represent announcements of commercially available functionality. The 23 teams will come together in London in November to present their projects at the Rocket.Build 2026 Finals, where this year's winning projects will be selected and recognized for their potential to drive innovation, customer value and business impact. Learn more about Rocket.Build 2026 and follow the competition here. About Rocket Software Rocket Software is a global technology leader in modernization and a partner of choice that empowers the world's leading businesses on their IT and mainframe modernization journeys, spanning core systems to the cloud. Trusted by more than 13,500 customers and 850 partners, and with more than 3,000 global employees, Rocket Software enables customers to maximize their data, applications, and infrastructure to deliver critical services that power its modern world. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia, and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. For media inquiries: Lacey Darrow

Yahoo Finance
Oct 13th, 2026
Rocket Software acquires Geniez AI to speed up agentic AI for mainframes

Rocket Software has acquired Geniez AI, a generative AI company that builds AI agents to monitor live mainframe systems, diagnose incidents, and run workflows using natural language. The deal was announced on October 13, 2026. Financial terms were not disclosed. Geniez AI's technical leadership and engineering team will join Rocket. They will help develop new features for Rocket EVA, the company's agentic AI platform for core systems. Rocket says the deal will help close the mainframe skills gap and cut operational complexity. "This is about continuing to transform what is possible on the mainframe," said Milan Shetti, president and chief executive officer of Rocket Software. Rocket Software is owned by Bain Capital Private Equity.

GlobeNewswire
Oct 13th, 2026
Rocket Software announces acquisition of Geniez AI to accelerate agentic AI for mainframe modernization.

Rocket Software announces acquisition of Geniez AI to accelerate agentic AI for mainframe modernization. Acquisition brings specialized talent to Rocket, helping enterprises simplify operations, close the skills gap, and modernize mission-critical systems with confidence. WALTHAM, Mass., Oct. 13, 2026 (GLOBE NEWSWIRE) - Rocket Software, a global technology leader in modernization software, today announced it has acquired Geniez AI, a generative AI company that augments mainframe professionals with expert AI agents operating directly on the mainframe in every domain, monitoring live systems, diagnosing incidents, and executing agentic workflows using natural language. The acquisition brings Geniez AI's technical leadership and team to Rocket Software, where they will help accelerate Rocket's AI initiatives, including new capabilities within Rocket(R) EVA(TM), the company's agentic AI platform for core systems. Together, Rocket Software and the Geniez AI team are working to shift the industry from traditional, expertise-intensive mainframe management to intelligent, AI-assisted operations that make core systems easier to understand, manage, and modernize. "This is about continuing to transform what is possible on the mainframe," said Milan Shetti, president and CEO of Rocket Software. "By bringing Geniez AI's specialized expertise into Rocket, we are accelerating our vision to help enterprises securely apply agentic AI to their systems with speed, confidence, and control." "Geniez AI was founded on the belief that GenAI-based business applications can fundamentally change how enterprises understand and operate their mainframe environments," said Gil Peleg, CEO and co-founder of Geniez AI. "Joining Rocket gives us the scale, customer reach, and deep mainframe expertise to bring that vision to more organizations and help shape the next era of intelligent, mission-critical operations." The acquisition supports Rocket's strategy to help enterprises modernize core systems while safely extending agentic AI to the mission-critical workloads that run on them. By combining Rocket's mainframe expertise, global customer base, and modernization portfolio with Geniez AI's technical expertise, Rocket will further enhance its AI-driven capabilities by helping customers apply AI agents that can surface insights, support action, and automate mission-critical workflows with appropriate governance and control. The acquisition is expected to strengthen Rocket Software's ability to help enterprises move from manual, expertise-intensive mainframe operations to secure, AI-assisted modernization by: * Expanding specialized AI and mainframe talent: Bringing Geniez AI's technical leadership and engineering team into Rocket to help accelerate Rocket's AI strategy and the development of new EVA capabilities and advance agentic AI for core systems. * Accelerating Rocket's agentic AI roadmap: Adding frontline insight into how enterprises evaluate and adopt AI on the mainframe to help Rocket deliver new EVA capabilities with greater speed and focus. * Closing the mainframe skills gap: Helping enterprises turn institutional knowledge into actionable intelligence, so complex systems become more accessible to experienced teams and newer talent. * Reducing operational complexity: Supporting AI-assisted operations that help teams surface insights, take action, and automate mission-critical workflows with appropriate governance and control. * Raising the standard for mission-critical modernization: Advancing a future where enterprises can modernize core systems with greater speed, resilience, security, and operational confidence. About Rocket Software Rocket Software is a global technology leader in modernization and a partner of choice that empowers the world's leading businesses on their IT and mainframe modernization journeys, spanning core systems to the cloud. Trusted by over 13,500 customers and 850 partners, and with more than 3,000 global employees, Rocket Software enables customers to maximize their data, applications, and infrastructure to deliver critical services that power our modern world. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia, and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn, YouTube, and X or visit www.RocketSoftware.com. Media Contact:

Rocket Software
Oct 13th, 2026
Rocket Software announces acquisition of Geniez AI to accelerate agentic AI for mainframe modernization.

Rocket Software announces acquisition of Geniez AI to accelerate agentic AI for mainframe modernization. 13 October, 2026 Summary. Acquisition brings specialized talent to Rocket, helping enterprises simplify operations, close the skills gap, and modernize mission-critical systems with confidence. WALTHAM, Mass. - October 13, 2026 - Rocket Software, a global technology leader in modernization software, today announced it has acquired Geniez AI, a generative AI company that augments mainframe professionals with expert AI agents operating directly on the mainframe in every domain, monitoring live systems, diagnosing incidents, and executing agentic workflows using natural language. The acquisition brings Geniez AI's technical leadership and team to Rocket Software, where they will help accelerate Rocket's AI initiatives, including new capabilities within Rocket(R) EVA(TM), the company's agentic AI platform for core systems. Together, Rocket Software and the Geniez AI team are working to shift the industry from traditional, expertise-intensive mainframe management to intelligent, AI-assisted operations that make core systems easier to understand, manage, and modernize. "This is about continuing to transform what is possible on the mainframe," said Milan Shetti, president and CEO of Rocket Software. "By bringing Geniez AI's specialized expertise into Rocket, we are accelerating our vision to help enterprises securely apply agentic AI to their systems with speed, confidence, and control." "Geniez AI was founded on the belief that GenAI-based business applications can fundamentally change how enterprises understand and operate their mainframe environments," said Gil Peleg, CEO and co-founder of Geniez AI. "Joining Rocket gives us the scale, customer reach, and deep mainframe expertise to bring that vision to more organizations and help shape the next era of intelligent, mission-critical operations." The acquisition supports Rocket's strategy to help enterprises modernize core systems while safely extending agentic AI to the mission-critical workloads that run on them. By combining Rocket's mainframe expertise, global customer base, and modernization portfolio with Geniez AI's technical expertise, Rocket will further enhance its AI-driven capabilities by helping customers apply AI agents that can surface insights, support action, and automate mission-critical workflows with appropriate governance and control. The acquisition is expected to strengthen Rocket Software's ability to help enterprises move from manual, expertise-intensive mainframe operations to secure, AI-assisted modernization by: * Expanding specialized AI and mainframe talent: Bringing Geniez AI's technical leadership and engineering team into Rocket to help accelerate Rocket's AI strategy and the development of new EVA capabilities and advance agentic AI for core systems. * Accelerating Rocket's agentic AI roadmap: Adding frontline insight into how enterprises evaluate and adopt AI on the mainframe to help Rocket deliver new EVA capabilities with greater speed and focus. * Closing the mainframe skills gap: Helping enterprises turn institutional knowledge into actionable intelligence, so complex systems become more accessible to experienced teams and newer talent. * Reducing operational complexity: Supporting AI-assisted operations that help teams surface insights, take action, and automate mission-critical workflows with appropriate governance and control. * Raising the standard for mission-critical modernization: Advancing a future where enterprises can modernize core systems with greater speed, resilience, security, and operational confidence. About Rocket Software Rocket Software is a global technology leader in modernization and a partner of choice that empowers the world's leading businesses on their IT and mainframe modernization journeys, spanning core systems to the cloud. Trusted by over 13,500 customers and 850 partners, and with more than 3,000 global employees, Rocket Software enables customers to maximize their data, applications, and infrastructure to deliver critical services that power its modern world. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia, and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. For media inquiries: Lacey Darrow

TheJusGrow
Oct 8th, 2026
Personal Agent Protocol: faqs.

Personal Agent Protocol: faqs. Who created the Personal Agent Protocol? Sierra and Meta announced it on October 6, 2026, and say they are developing it with Genesys, Instinct, Rocket, Shopify, Stripe and Walmart. Sierra describes it as open for anyone to implement. Can I use the Personal Agent Protocol today? Not as a consumer. As of October 2026, the v0.1 specification had not yet been published, and no consumer product had announced support. Does the Personal Agent Protocol handle payments? Not in the first version. Sierra lists payments without sharing card details as a future extension, alongside granular permissions and push notifications. How is it different from the Model Context Protocol? MCP connects AI assistants to tools and data. The Personal Agent Protocol covers who the agent acts for, what it may do and how the session works, and it can use MCP as one of its channels.

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