Rocket Software Acquires OpenText's Application Modernization and Connectivity Business

May 7, 2024

Rocket Software has completed the acquisition of OpenText's Application Modernization and Connectivity (AMC) business for $2.275 billion. The deal — a divestiture from OpenText — adds 770+ engineers and go-to-market staff, increases Rocket's revenue by over 60%, and expands its customer base to 12,500+ companies and 750+ partners worldwide.

Buyers
Rocket Software
Targets
OpenText Application Modernization and Connectivity (AMC) business
Sellers
OpenText
Industry
Software
Location
Ontario, Canada
Transaction Type
Divestiture

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