Rocket Software To Acquire Opentexts Application Modernization And Connectivity Business

By Author: Otis
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Rocket Software, a global technology leader that specializes in modernization solutions for large enterprises, has announced that it has reached a definitive agreement to acquire the Application Modernization and Connectivity business (AMC) from OpenText, which was formerly a part of Micro Focus. The total purchase price for the acquisition is $2.275 billion.

Rocket Software has a long-standing reputation as a partner that addresses complex information technology difficulties for some of the most innovative and largest enterprises in the world. These challenges include infrastructure, data, and applications. clients have the flexibility to optimize their application portfolio throughout the modernization journey because to the hybrid cloud strategy that the company employs. This strategy enables clients to take advantage of the security and dependability of mainframes while also utilizing powerful analytics tools that are hosted in the cloud.

AMC is a market leader in application modernization, and it offers industry-leading solutions such as COBOL and host connection. These tools enable businesses to leverage ...
... core programs in a flexible manner for the purpose of modernization, while in addition allowing them to choose where to execute applications. By acquiring AMC, Rocket Software intends to broaden its modernization offering in order to better meet the requirements of its customers, whether those requirements are met on-premises or through the utilization of a hybrid cloud strategy.

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