Rocket Software acquires U2
IBM has signed an agreement to sell the U2 assets to Rocket Software, a global software development company. Founded in 1990, Rocket is a provider of OEM software to IBM, HP and other Fortune 500 companies. Rocket's R&D focus has the potential to accelerate the growth of U2's business.
Rocket feels privileged to bring the U2 employees, products, partners, and customers onto our platform. We are excited to help you fulfill your business potential with the U2 product family, and to provide you the ability to get even more out of your U2 investment.
-Andy Youniss, President, CEO, co-Founder
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About Rocket Software
Rocket Software was founded in 1990 with an initial focus on developing and delivering software solutions to IBM mainframe customers deploying IBM DB2. Within the first five years, Rocket licensed all of its intellectual property to IBM, and all of Rocket's products were rebranded and licensed to enterprises through IBM's worldwide sales channel.
Since those early years, Rocket has expanded its software OEM business to cover a wide spectrum of enterprise infrastructure products in the areas of Business Intelligence, Storage, Networks, Terminal Emulation, Integration, Security, and Database. And in addition to IBM, Rocket has licensed its products to a number of major OEMs that include Microsoft, RSA, EMC, Nortel, Motorola, and HP.
In parallel with a significant R&D investment in developing software products, Rocket Software began a series of strategic acquisitions in 2000. As a result, Rocket now has well over 100 software products that are licensed both through OEM partners and resellers, and via direct sales through Rocket's acquired branded sales channels, such as Mainstar, Servergraph, CorVu, BlueZone, and Seagull.
Rocket values the technical skills and deep domain expertise of the employees at the companies we acquire. We endeavor to keep the teams intact and entrust them to manage and expand the product lines that they initially created. This philosophy has allowed Rocket to grow to more than 700 employees around the world, including Eastern and Western Europe, Australia, Asia and North America.
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