Rocket Software completes $2.275B acquisition of OpenText’s Application Modernization and Connectivity Business
Acquiring Company
Rocket Software
Acquired Company
Open Text Corporation
Waltham
WaterlooInformation TechnologySoftwareSaaSEnterprise SoftwareInformation TechnologySoftwareInformation ServicesManagement Information SystemsDescription
Rocket Software, Inc., a global technology leader in modernization software, has successfully closed the acquisition of the Application Modernization and Connectivity (AMC) business of OpenText. This acquisition significantly expands Rocket Software’s modernization software solutions, increases its revenue, and grows its customer base to over 12,500 companies with a network of more than 750 partners worldwide.
Quick answer
Rocket Software is acquiring Open Text Corporation for $2.3 billion, announced May 1, 2024. Rocket Software is based in Waltham, Massachusetts, United States.
- How much did Rocket Software pay for Open Text Corporation?
- The reported deal value is $2.3 billion.
- What does Rocket Software do?
- Rocket Software partners with the largest enterprises, in all industries, to solve their most complex IT challenges, across infrastructure, data, and applications — with solutions that simplify, not disrupt their..
- Where are Rocket Software and Open Text Corporation based?
- Rocket Software is based in Waltham, Massachusetts, United States. Open Text Corporation is based in Waterloo, Ontario, Canada.
- Who are the decision-makers at Rocket Software?
- Fundz holds 1 contact at Rocket Software. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Open Text Corporation?
Open Text Corporation was acquired by Rocket Software, based in Waltham. The deal was reported on May 1, 2024. Rocket Software is privately held and operates in Information Technology.
When did Rocket Software acquire Open Text Corporation?
Rocket Software's acquisition of Open Text Corporation was reported on May 1, 2024. Rocket Software, Inc., a global technology leader in modernization software, has successfully closed the acquisition of the Application Modernization and Connectivity (AMC) business of OpenText. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Open Text Corporation do?
Open Text Corporation is a leading information management solutions company, powered by OpenText Cloud Editions. It enables organizations to gain insight through market-leading information management solutions. It is publicly traded (OTEX), operating in Information Technology, and is based in Waterloo.
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