en.Wedoany.com Reported - Waltham, Massachusetts, USA – On May 11, 2026, local time, Rocket Software, Inc., a global technology leader in modernization software, officially announced the completion of its acquisition of Vertica®, the enterprise-grade analytics database platform, from OpenText.

The transaction was valued at $150 million in cash. This deal transfers Vertica's software, customer contracts, related services, and employees entirely to Rocket Software, bringing over 600 global customers and approximately 170 specialized employees to the company.

Milan Shetti, President and CEO of Rocket Software, stated: "For over 35 years, Rocket Software has been the modernization partner of choice for Global 500 companies. With Vertica, Rocket is advancing the next phase of modernization, enabling customers to unlock the power of enterprise data. Together, we can

Milan Shetti, President and CEO of Rocket Software, stated that the company has been providing modernization services to Global 500 enterprises for over 35 years. Through this acquisition, Rocket Software can combine customers' core systems with high-performance analytics and artificial intelligence, delivering an end-to-end modernization experience from mission-critical systems to advanced analytics and AI, while maintaining stability, performance, and trust.

With the acquisition of Vertica, Rocket Software can run next-generation analytics and generative AI directly on customers' trusted data sources, accelerating innovation and application deployment. Vertica's flexibility across cloud, on-premises, and hybrid environments allows Rocket Software to serve customers at any stage of modernization, regardless of their deployment strategy. Furthermore, Vertica's advanced analytics and data warehousing capabilities will be combined with Rocket Software's existing DataEdge and ContentEdge product portfolios to build an integrated data platform that connects, governs, and activates enterprise data.

Founded in 1990 and headquartered in Waltham, Massachusetts, Rocket Software is a privately held company backed by Bain Capital Private Equity, with over 2,500 employees worldwide. OpenText is an enterprise information management company headquartered in Canada. This acquisition marks Rocket Software's second purchase of assets from OpenText, following its integration of OpenText's Application Modernization and Connectivity (AMC) business in 2024.

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