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About Rocket Software
Industries
Enterprise Software
Financial Services
Healthcare
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$89.4M
Headquarters
Waltham, Massachusetts
Founded
1990
Overview
Rocket Software assists businesses in updating their legacy systems, particularly those on IBM platforms like IBM i and IBM Z. They provide software solutions and services that enhance performance, security, and functionality, focusing on application modernization, process automation, data management, and DevOps. The company generates revenue through software licenses, subscriptions, and consulting services, helping clients improve efficiency and reduce risks. Rocket Software's goal is to enable businesses to remain competitive by modernizing their IT infrastructure.
Simplify's Take
What believers are saying
- Growing demand for mainframe modernization boosts Rocket Software's market opportunities.
- Hybrid cloud solutions align with Rocket Software's GenAI advancements, enhancing scalability.
- Rising data security needs match Rocket Software's enhanced security features in products.
What critics are saying
- Emerging startups with cloud-native solutions threaten Rocket Software's market share.
- Rapid AI advancements may outpace Rocket Software's current technological capabilities.
- The $2.2B acquisition of OpenText's business could strain Rocket Software's finances.
What makes Rocket Software unique
- Rocket Software specializes in modernizing IBM platforms like IBM i and IBM Z.
- The company offers a comprehensive suite of solutions for legacy system modernization.
- Rocket Software is recognized in the Gartner Magic Quadrant for Service Orchestration and Automation.
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Funding
Total Funding
$89.4M
Above
Industry Average
Funded Over
3 Rounds
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
↓ -2%1 year growth
↓ -2%2 year growth
↓ -1%Rocket Software, a vendor of various IT modernization capabilities, recently announced the availability of its new DataEdge suite of solutions tailored to address the growing complexities around data management as AI and analytics projects fuel demand.
Rocket Software, Inc. is excited to share the latest features and improvements in MultiValue BASIC for Visual Studio Code version 2.6.0.
Rocket Software, Inc. has added new features to the Visual Studio and Eclipse IDEs to help developers write, build, and debug their code and diagnose problems.
Rocket Software continues to enhance its Hybrid Cloud solutions, enabling customers to take advantage of scalable, cost-efficient GenAI and automation in a safe way, that prioritizes robust security and regulatory compliance.
WALTHAM, Mass., Sept. 18, 2024 (GLOBE NEWSWIRE) - Rocket Software, a global technology leader in modernization software, today announced that it has been named the only Challenger in the Gartner(R) Magic Quadrant(TM) for Service Orchestration and Automation Platforms (SOAP).
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About Rocket Software
Industries
Enterprise Software
Financial Services
Healthcare
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$89.4M
Headquarters
Waltham, Massachusetts
Founded
1990
Rocket Software is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today