Rocket Software
Date | Investors | Amount | Round |
---|---|---|---|
$20.0m | Debt | ||
N/A | $91.9m | Early VC | |
N/A | Grant | ||
$2.0b Valuation: $2.0b | Buyout | ||
Total Funding | $91.9m |
Recent News about Rocket Software
EditRocket Software is a technology company that specializes in helping businesses modernize their legacy systems, particularly those running on IBM platforms like IBM i and IBM Z. The company provides a range of software solutions and services aimed at improving the performance, security, and functionality of these older systems. Rocket Software serves a diverse client base, including large enterprises in sectors such as finance, healthcare, and manufacturing, which rely heavily on mainframe and midrange systems for their critical operations.
Operating in the enterprise software market, Rocket Software focuses on application modernization, process automation, data management, and DevOps (a set of practices that combines software development and IT operations). The company’s business model revolves around selling software licenses, providing subscription-based services, and offering professional services such as consulting and technical support.
Rocket Software makes money through multiple revenue streams. These include one-time sales of software licenses, recurring revenue from subscription services, and fees for consulting and support services. By helping companies modernize their existing IT infrastructure, Rocket Software enables its clients to extend the life of their legacy systems, improve efficiency, and reduce operational risks.
In summary, Rocket Software is a key player in the enterprise software market, providing essential tools and services to businesses that rely on IBM systems. The company’s focus on modernization, automation, and data management helps its clients stay competitive in a rapidly evolving technological landscape.
Keywords: IBM systems, legacy modernization, enterprise software, mainframe, midrange, application modernization, process automation, data management, DevOps, consulting services.