Rocket Software Receives Majority Investment from Bain Capital Private Equity

Funding Rounds

▤ Summary

Rocket Software , a Waltham, MA-based global technology provider delivering enterprise modernization and optimization solutions, received a majority investment from Bain Capital Private Equity.The amount of the deal was not disclosed but it is known that the enterprise value of the transaction is approximately $2 billion.Following the close of the investment, which is subject to customary closing conditions, including requisite regulatory approvals, and expected to close during the fourth quarter of 2018, Rocket Software will continue to operate under its current management team, led by President and Chief Executive Officer Andy Youniss.Founded in 1990, Rocket Software provides organizations in the IBM ecosystem with a solutions to run their existing infrastructure and data, as well as extend those assets to take advantage of cloud, mobile, analytics, and other future innovations.The company, which also has locations in Europe, Asia, and Australia, is currently owned by Court Square Capital Partners.

$ Funding

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Amount - Total raised
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Date October 9, 2018 Announcement date
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Investors SystemSoft Lead investors
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Company http://www.rocketsoftware.com Funded company

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Enterprise Software Cloud Solutions IT Modernization

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