Rocket Software

Rocket Software

Modernizes legacy systems for businesses

About

Rocket Software assists businesses in updating their older IBM systems, such as IBM i and IBM Z, by providing software solutions that enhance performance, security, and functionality. They focus on application modernization, process automation, data management, and DevOps, serving large enterprises in sectors like finance, healthcare, and manufacturing. The company generates revenue through software licenses, subscription services, and consulting support. Their goal is to help clients extend the life of their legacy systems and improve operational efficiency.

Company Stage

Acquired

Employees

1,001-5,000

Industries

Enterprise Software, Financial Services, Healthcare

Total Funding

$89.4M

Headquarters

N/A

Founded

N/A


Simplify Jobs

Simplify's Take

What believers are saying

  • Rocket Software's strategic acquisitions, such as the $2.2B deal for OpenText's business, indicate robust growth and expansion opportunities.
  • The company's focus on modernization and automation helps clients extend the life of their legacy systems, reducing operational risks and improving efficiency.
  • Recognition in industry awards and the appointment of experienced executives highlight Rocket Software's strong market position and leadership.

What critics are saying

  • The niche focus on IBM systems may limit Rocket Software's market reach compared to competitors with broader offerings.
  • High-profile acquisitions, while beneficial, come with integration risks that could disrupt operations and innovation.

What makes Rocket Software unique

  • Rocket Software specializes in modernizing legacy IBM systems, a niche focus that sets it apart from competitors who may not have the same depth of expertise in this area.
  • The company's multi-revenue stream model, including software licenses, subscription services, and consulting, provides financial stability and flexibility.
  • Rocket Software's strong emphasis on security, as evidenced by its recent upgrades to Rocket jBASE, is crucial for clients in sectors like finance and healthcare.

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Growth & Insights
Headcount

6 month growth

8%

1 year growth

19%

2 year growth

11%

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