Rocket Software
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Company type | Private |
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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) Jay Leader (Chief Customer Officer) P. Gary Gregory (Chief Technology Officer) Barbara Goose(Chief Marketing Officer) Bruce Bowden (Chief Financial Officer) Alyse Daghelian (Chief Revenue Officer) Darlene Williams (Chief Information Officer) Julie Law (Chief People Officer) Liz Fischers (Chief Legal Officer) Michael Curry (President, Data Modernization Business Unit) Puneet Kohli (President, Application Modernization Business Unit) Phil Buckellew (President, Infrastructure Modernization Business Unit)[1] |
Number of employees | 1,400+ |
Website | www |
Rocket Software is a privately held software development firm founded in 1990. Using the IBM Z, IBM Power, and embedded database platforms, Rocket provides predictive analytics with deep data, develop AI and machine learning capabilities, and design mobile and browser applications. Rocket operates in markets including the financial, banking, health care, government, insurance, aerospace, auto manufacturing, and retail industries.
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. Rocket is headquartered in Waltham, Massachusetts, USA.
History
Rocket Software was founded in Boston in 1990 with a focus on IBM DB2 tools.[citation needed]
Rocket's software runs on multiple platforms and operating systems, including mainframe, IBM z/OS, IBM i, UNIX, Windows and other platforms and offers tools to access non-SQL data with standard SQL queries.[citation needed]
In 2018, Bain Capital acquired a majority stake in the company in a deal that valued Rocket Software at nearly $2 billion.[2]
In June 2022, Rocket released the latest version of its ASG-Enterprise Orchestrator (AEO) DevOps value stream orchestration platform.[3]
In November 2023, Milan Shetti was named CEO, replacing co-founder and longtime CEO Andy Youniss.[2]
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.[4]
In 2017, former Rocket CEO Andy Youniss was named a New England Entrepreneur of the Year by professional services firm EY.[5] Youniss was also presented the Leadership Award by Boston-based food rescue nonprofit Lovin' Spoonfuls in November 2017.[6][third-party 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.[7][third-party source needed]
In 2020, Rocket was named in Inc.'s list of America's 1,000 Largest and Most Inspiring Private Companies.[8]
In 2021, Rocket acquired the database and tools products of Zumasys including jBASE MultiValue DB[9]
In 2024, Rocket was honored with an Intellyx Digital Innovator Award.[10] Also in 2024, Rocket Software was recognized in DBTA’s list of Top 100 Companies That Matter Most in Data.[11]
References
- ^ "Our Leadership". Retrieved September 4, 2024.
- ^ a b Maffei, Lucia (October 5, 2021). "Waltham's Rocket Software names new CEO after 30 years". Boston Business Journal. Retrieved September 6, 2024.
- ^ "Rocket Software Launches ASG-Enterprise Orchestrator 4.3.0 to Accelerate Delivery of Innovation". Yahoo! Finance. June 7, 2022. Retrieved June 9, 2022.
- ^ Wells, Joyce (2017-06-15). "DBTA 100 2017". DBTA. Retrieved 2017-07-25.
- ^ "Andy Youniss - Rocket Software". Boston Business Journal. 2017-06-28. Retrieved 2017-07-25.
- ^ "Boston-Based Lovin Spoonfuls Gives Leadership Award to Rocket Software CEO Andy Youniss". BusinessWire. 2017-11-06. Retrieved 2018-08-07.
- ^ "Rocket Software Named Ellucian Growth Partner of the Year". BusinessWire. 2017-12-04. Retrieved 2018-08-07.
- ^ "Rocket Software Inc's 1000". 24 March 2020.
- ^ "Rocket Software Acquires Zumasys DB & Tools". 14 Oct 2021.
- ^ English, Jason (June 4, 2018). "2024 Intellyx Digital Innovator Award Winners Announced". Retrieved September 4, 2024.
- ^ Simone, Stephanie (June 6, 2024). "DBTA 100 2024: The Companies That Matter Most in Data". Retrieved September 4, 2024.
External links
- Official website
- Rocket Software at GitHub
- Business data for Rocket Software Inc.:
- Bloomberg
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