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
Explore More
Related Acquisitions
-
Appfire Acquires ServiceRocket Applications Portfolio
January 11, 2023
Software
Appfire acquired more than twenty Atlassian marketplace applications from ServiceRocket, including its top-selling Connector for Salesforce & Jira and Connector for Salesforce & Confluence. The asset purchase expands Appfire's capabilities within the Salesforce ecosystem and strengthens its Atlassian Marketplace offering while ServiceRocket will remain a channel partner.
-
NetDocuments Completes Acquisition of OpenText's eDOCS Business
January 13, 2026
Cloud & SaaS
NetDocuments has completed its acquisition of the eDOCS document management business from OpenText, including the eDOCS product portfolio and its dedicated team. The deal brings the eDOCS platform and customer community under NetDocuments, expanding its global footprint and allowing continued on‑premises support while offering a path to cloud modernization and migration tools.
-
Royal Media Acquires Connectivity Business
July 19, 2021
Media & Entertainment
Royal Media, a specialized business information and media company, has acquired Connectivity Business and its associated assets, including the Connectivity Business Investment Forum. The acquisition expands Royal Media's coverage into the global connectivity infrastructure and services market, bringing an established trade brand (founded in London as SatelliteFinance/TelecomFinance) into Royal's portfolio.
-
Infobip Acquires OpenMarket from Amdocs for ~$300M
November 11, 2020
Telecommunications
Infobip has entered into a definitive agreement to acquire OpenMarket from Amdocs for approximately $300 million. The deal combines OpenMarket's U.S. mobile messaging scale with Infobip's global footprint, creating a cloud communications player with a combined revenue run-rate above $1 billion and the ability to process more than 14 billion customer interactions per month.
-
OpenText Acquires Carbonite, Inc.
December 24, 2019
Cloud & SaaS
OpenText completed the acquisition of Carbonite, Inc., a provider of cloud-based data protection, backup, disaster recovery and endpoint security, for approximately $1.45 billion in cash. Carbonite becomes a wholly-owned subsidiary of OpenText as part of a strategic move to expand OpenText's cloud and endpoint data protection capabilities and extend EIM to SMBs and prosumers.
-
ActiveOps Acquires OpenConnect to Enhance Workware and Expand U.S. Operations
August 1, 2019
Software
UK-headquartered ActiveOps Ltd acquired Dallas-based OpenConnect Inc to integrate OpenConnect's automated data-capture and process-discovery technology into ActiveOps' Workware suite. The deal expands ActiveOps' product capabilities and establishes a US office in Dallas to grow its presence in the US market, particularly in healthcare, financial services and government.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.