Rocket Software Acquires Vertica from OpenText
The deal brings together over 600 customers and 170 employees, uniting high-performance analytics with Rocket Software’s data modernization suite.
Buyer
Rocket Software
- Target
- Vertica
- Deal type
- Add-on
- Sector
- Industrials
Vertica, the analytics database platform that had been part of OpenText, is now a unit of Rocket Software following the close of the acquisition announced Monday.
The deal, which adds an enterprise-grade analytics engine to Rocket’s modernization suite, brings with it more than 600 customers and 170 employees.
Rocket Software, a Bain Capital portfolio company, provides mainframe and IT modernization tools used by over 12,500 organizations globally.
The company has been building out its data and AI capabilities, most recently through the 2024 purchase of OpenText’s Application Modernization and Connectivity (AMC) business.
Vertica, known for its high-performance columnar database, is designed for analytics, data warehousing and AI workloads across cloud, on-premises and hybrid environments.
With the addition, Rocket plans to integrate Vertica with its DataEdge and ContentEdge data governance and connectivity platforms, creating a unified offering that helps enterprises manage, govern and activate data across complex environments.
The company said the combination aims to let customers run advanced analytics and AI on trusted mission-critical systems without sacrificing stability or performance.
Rocket expects the integration of Vertica to move faster, drawing on experience from the earlier AMC acquisition.
The push to combine core system modernization with intelligence comes as more enterprises seek to extract business value from their data assets.