Rocket Software To Acquire Opentexts Application Modernization And Connectivity Business

Rocket Software, a global technology leader specializing in large enterprise modernization solutions, has announced a definitive agreement to acquire OpenText's Application Modernization and Connectivity business (AMC) for a total purchase price of $2.275 billion.

Rocket Software has a long history of addressing complex IT challenges for some of the world's largest and most inventive enterprises across infrastructure, data, and apps. Customers may optimize their application portfolios throughout the modernization journey by leveraging the security and dependability of mainframes while leveraging strong analytics tools in the cloud, according to the company's hybrid cloud strategy.

AMC, a market leader in application modernization, offers industry-leading tools such as COBOL and host connection, allowing enterprises to use core applications flexibly for modernization while deciding where to run applications. Rocket Software intends to diversify its modernization offering with the acquisition of AMC in order to meet customer requests, whether on-premises or via a hybrid cloud strategy.

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