Rocket Software Market Research Report
Company Overview
Name: Rocket Software, Inc.
Mission of the Company: Rocket Software is dedicated to powering the world’s most innovative companies by solving complex IT challenges in infrastructure, data, and applications with non-disruptive and scalable modernization solutions for enterprise customers.
When Founded and By Whom: Rocket Software was founded in 1990 by two software engineers with a vision of making a difference for customers and the world they share.
Key People:
- Milan Shetti, President, and CEO.
Headquarters: 77 4th Avenue, Waltham, MA 02451 USA.
Number of Employees: Over 3,000 globally.
Revenue: The acquisition of OpenText’s Application Modernization and Connectivity Business increased the company’s revenue by over 60%.
What is the Company Known For: Rocket Software is renowned for providing comprehensive modernization solutions from mainframe to cloud. The company is a trusted partner for leading enterprises undergoing IT modernization to leverage data, application, and infrastructure critical for powering businesses.
Products
Product Portfolio:
Rocket Software offers a wide array of products across the following categories:
1. Hybrid Cloud Solutions: Enhances modernization journeys with scalable solutions that include Rocket® Content Smart Chat, Rocket® Enterprise Suite, and Rocket® Visual COBOL®.
- Key Features:
- Content Smart Chat provides conversational AI for document access and querying.
- Enterprise Suite offers AI-powered tools for code analysis and modernization.
- Visual COBOL simplifies distributed COBOL application modernization.
2. Security and Compliance Solutions: Provides robust security with solutions like Rocket® Mainframe Security, Rocket® DevOps, and Rocket® Multi-Factor Authentication.
- Key Features:
- Mainframe Security includes vulnerability management and compliance assessments.
- Multi-Factor Authentication offers a layered defense against password vulnerabilities.
3. Data Solutions: Including Rocket® Data Intelligence, Rocket® Cloud Connector, and Rocket® Mobius, focused on harnessing data value through automation and AI.
- Key Features:
- Data Intelligence empowers data modernization and analytics initiatives.
- Cloud Connector reduces storage costs and enhances data governance.
4. Application Modernization: Rocket® MultiValue Application Development Platform and Rocket® Modern Experience offer modernization of legacy systems.
- Key Features:
- MultiValue Platform combines an embedded database and development platform.
- Modern Experience helps transform legacy systems using RPG and COBOL modernization tools.
Recent Developments
Recent Developments in the Company:
- Acquisition: Rocket Software completed the $2.275 billion acquisition of OpenText’s Application Modernization and Connectivity Business, increasing its customer base to 12,500 companies and expanding its workforce significantly.
- AI Advancements: Launched GenAI functionalities in its Hybrid Cloud solutions to enhance data integration and application modernization.
- Recognition: Named as a Challenger in the 2024 Gartner® Magic Quadrant™ for Service Orchestration and Automation Platforms and recognized as a Major Player in the IDC MarketScape for Intelligent Content Services 2024.
New Products Launched:
- Rocket® Content Smart Chat and Rocket® Visual COBOL, both harnessing AI technologies to simplify and secure data management and modernization processes.
New Features Added:
- Expansion of Rocket’s Hybrid Cloud solutions to include AI and automation capabilities, focusing on enhancing IT productivity and organizational agility.
Partnerships:
- Strategic collaborations with major Cloud Service Providers like AWS, Google Cloud, and Microsoft Azure to enhance their modernization solutions.
Overall, Rocket Software stands out in providing innovative modernization solutions across various domains, boasting high customer satisfaction due to their adaptability and commitment to meeting IT challenges with robust, intelligent offerings.
