Rocket Software

Rocket Software is a privately held software development company founded in 1990 and headquartered in Waltham, Massachusetts, USA. The company specializes in enterprise software that allows organizations to modernize critical IT infrastructure across on-premises, hybrid, and cloud environments. This includes products that support core systems, distributed, and cloud platforms, enabling organizations to integrate legacy and modern applications, optimize data management, and improve operational efficiency.^[3][4] Rocket operates in markets including the financial, banking, health care, government, insurance, aerospace, auto manufacturing, and retail industries.

Rocket Software Inc.

Company type	Private
Industry	Computer software
Founded	1990
Headquarters	Waltham, Massachusetts, United States
Number of locations	22 offices
Area served	Worldwide
Key people	Milan Shetti (President and CEO)[1]
Number of employees	3,000+[2]
Website	www.rocketsoftware.com

Rocket has a business partnership with IBM that began in 1994 with a licensing agreement for Rocket QMF tools. Since 2018, Bain Capital has owned a majority stake in the company.

History

Rocket Software was founded in Boston in 1990 by Andy Youniss and Johan Magnusson Gedda with a focus on IBM DB2 tools.^{[citation needed]} Over the next three decades, the company grew both organically and through dozens of acquisitions, including Zephyr, Shadow, Aldon, and D3.^[5]

In 2018, Bain Capital acquired a majority stake in the company in a deal that valued Rocket Software at nearly $2 billion.^[6] Since then, the company has continued to grow through a number of acquisitions.^[7]

In 2021, Rocket acquired ASG Technologies, an enterprise information management and IT System Management Solutions Software provider.^[5] That same year Rocket acquired the database and tools products of Zumasys including jBASE MultiValue DB^[8] and Netherlands-based development platform Uniface.^[9]

In November 2021, Milan Shetti was named CEO, replacing co-founder and longtime CEO Andy Youniss.^[6]

In June 2022, Rocket released the latest version of its ASG-Enterprise Orchestrator (AEO) DevOps value stream orchestration platform.^[10] In September 2022, Rocket acquired BOS, a German developer of data integration tools. The unit was renamed Rocket Data Replicate and Sync.^[11]

In 2023, Rocket acquired Key Resources, which specializes in mainframe security and vulnerability identification and assessment.^[11] In November 2023, Rocket agreed to buy OpenText’s Application Modernization and Connectivity (AMC) business for $2.28 billion in cash. Under the agreement, AMC’s software, associated services and about 750 employees were integrated into Rocket Software.^[12] The deal, which was completed in May 2024, increased Rocket Software’s revenue by 60% and grew its customer base to greater than 12,500 companies.^[13]

Products

Rocket Software develops software products focused on IT modernization across on-premises and hybrid cloud environments.^[3][4]

Data Modernization

Rocket DataEdge is a suite of data integration tools designed to connect transactional, distributed, and cloud systems through enterprise-wide data discovery, access, and management. It enables the creation of unified, high-quality data assets that support analytics and artificial intelligence initiatives.^[3][14]

COBOL Solutions

Rocket COBOL products provide tools for modernizing COBOL-based applications while maintaining existing business logic. They support integration with development environments such as Eclipse, Visual Studio, and Visual Studio Code, and enable deployment across distributed, containerized, and multicloud platforms.^[4]

Reception

Since 2013 when the list was inaugurated, Rocket was included in Database Trends and Applications magazine's annual “DBTA 100,” a list of the companies that matter most in data.^[15]

In 2017, former Rocket CEO Andy Youniss was named a New England Entrepreneur of the Year by professional services firm EY.^[16] Youniss was also presented the Leadership Award by Boston-based food rescue nonprofit Lovin' Spoonfuls in November 2017.^{[17][independent source needed]}

In December 2017, Rocket was named Ellucian Growth Partner of the Year for providing support to the higher education IT services company in its transition to its current cloud-based service offerings and SaaS licensing model.^{[18][independent source needed]}

In 2020, Rocket was named in Inc.'s list of America's 1,000 Largest and Most Inspiring Private Companies.^[19]

In 2023, Rocket Software received a Bronze Merit Award for Technology in the Software and Apps category.^[20] Rocket Software was also named Insider Threat Detection Platform of the Year at the 2023 CyberSecurity Breakthrough Awards.^[21]

In 2024, Rocket was honored with an Intellyx Digital Innovator Award.^[22] Also in 2024, Rocket Software was recognized in DBTA’s list of Top 100 Companies That Matter Most in Data.^[23]

In 2025, Rocket Software’s data integration product Rocket DataEdge was honored by the Tearsheet Data Awards in the Data Innovation category for its ability to unlock data trapped in mainframe systems and enable cloud-capable analytics workflows, without compromising continuity or security.^[3]