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Rocket Software Acquires B.O.S. To Simplify Mainframe Modernization And Accelerate Hybrid Cloud Strategies

Sep 06, 2023•almost 2 years ago

Acquiring Company

Rocket Software

Acquired Company

B.O.S

Enterprise SoftwareSaasInformation TechnologySoftwareEnterprise SoftwareSaasInformation TechnologySoftwareAnalytics

Description

Rocket Software, Inc. (“Rocket Software”) a global technology leader that develops enterprise software for some of the world’s largest companies, today announced it has acquired B.O.S., a leading German-based software company that provides data integration solutions. B.O.S.’ flagship product, tcVISION, now called Rocket Data Replicate and Sync, will join Rocket Software’s portfolio of modernization products that add scale, flexibility and security to an organization’s existing infrastructure. The combination of Rocket Software’s existing solutions and B.O.S.’ technology will allow Rocket Software to offer its customers more complete solutions to their mainframe data modernization challenges. This proprietary technology means that organizations can leverage advanced tools, including machine learning and analytics engines, in cloud environments using mainframe data in real time without needing to rewrite all their applications to run on the cloud. Further, this technology makes training generative artificial intelligence (AI) models easier by leveraging a business’ mainframe data.

Company Information

Company

Rocket Software

About

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 modernization journey. Trusted by over 10,000 customers, Rocket Software helps enterprises modernize in place with a hybrid cloud strategy, so they don’t need to re-platform or build from the ground up. The company’s 2,600 global employees work with customers to accelerate and optimize their modernization journey while meeting evolving market needs. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn and Twitter or visit www.RocketSoftware.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed