Rocket Software

Rocket Software

Modernizes legacy systems for businesses

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 Rating Differentiation

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 older systems, particularly those using IBM platforms like IBM i and IBM Z. They offer software solutions and services that enhance the performance, security, and functionality of these legacy systems, focusing on application modernization, process automation, and data management. Unlike competitors, Rocket Software specializes in IBM systems and provides a comprehensive approach to modernization, helping clients stay competitive. The company's goal is to empower businesses to optimize their existing systems and adapt to new technological advancements.

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for hybrid cloud solutions aligns with Rocket Software's GenAI advancements.
  • Recognition as a Challenger in the Gartner Magic Quadrant boosts Rocket Software's market position.
  • Acquisition of OpenText's business expands Rocket Software's market reach and offerings.

What critics are saying

  • Emerging startups with cloud-native solutions pose a threat to Rocket Software's market share.
  • Rapid AI advancements may outpace Rocket Software's current technological capabilities.
  • The $2.2 billion OpenText acquisition could strain Rocket Software's financial resources.

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's focus on security and compliance sets it apart in the modernization market.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$89.4M

Above

Industry Average

Funded Over

3 Rounds

Buyout funding comparison data is currently unavailable. We're working to provide this information soon!
Buyout 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

Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-1%
Channel Insider
Feb 17th, 2025
Rocket Software Launches DataEdge to Address Complexities in Market

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
Dec 10th, 2024
Announcing Rocket(R) MultiValue BASIC for Visual Studio Code 2.6.0!

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
Nov 11th, 2024
What's New in Visual COBOL and Enterprise Developer 10.0 IDE

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.

Punto
Oct 18th, 2024
Rocket Software's GenAI Advancements for Hybrid Cloud Revolutionize Mainframe and Cloud Integration

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.

GlobeNewswire
Sep 18th, 2024
Rocket Software Named a Challenger in 2024 Gartner(R) Magic Quadrant(TM) for Service Orchestration and Automation Platforms (SOAP)

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).

Recently Posted Jobs

Sign up to get curated job recommendations

Rocket Software is Hiring for 35 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Rocket Software's jobs every few hours, so check again soon! Browse all jobs →