Rocket Software

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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, including IBM Z, IBM i, distributed, and cloud platforms, enabling organizations to integrate legacy and modern applications, optimize data management, and improve operational efficiency. Rocket operates in markets including the financial, banking, health care, government, insurance, aerospace, auto manufacturing, and retail industries. Rocket has a historic 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 Software was founded in Boston in 1990 by Andy Youniss and Johan Magnusson Gedda with a focus on IBM DB2 tools. Over the next three decades, the company grew both organically and through dozens of acquisitions, including Zephyr, Shadow, Aldon, and D3. In 2018, Bain Capital acquired a majority stake in the company in a deal that valued Rocket Software at nearly $2 billion. Since then, the company has continued to grow through a number of acquisitions.