Rocket Software Completes Acquisition of Vertica, Expanding High-Performance Analytics and AI for Mission-Critical Systems

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Rocket Software Completes Acquisition of Vertica, Expanding High-Performance Analytics and AI for Mission-Critical SystemsAcquisition strengthens Rocket’s portfolio, combining analytics, AI, and data modernization across hybrid cloud environments WALTHAM, Mass., May 11, 2026 (GLOBE NEWSWIRE) -- Rocket Software, Inc. (“Rocket Software”), a global technology leader in modernization software, today announced the completion of its acquisition of Vertica®, an enterprise-grade analytics database platform, from OpenText (NASDAQ: OTEX), (TSX: OTEX). The acquisition advances Rocket Software’s strategy to bring intelligence to modernization by combining trusted core systems with high-performance analytics and AI to help enterprises unlock the full potential of their data. The acquisition brings more than 600 global customers and 170 employees to Rocket Software’s global organization. “For more than 35 years, Rocket Software has been the modernization partner of choice for global Fortune 500 companies,” said Milan Shetti, President and CEO of Rocket Software. “With Vertica, Rocket is advancing the next phase of modernization by enabling customers to unlock the power of their enterprise data. Together, we can deliver a truly end-to-end modernization experience from mission-critical systems to advanced analytics and AI while maintaining stability, performance, and trust.” “Rocket’s continued investments in data, AI, and analytics show a deep understanding of how modernization is evolving,” said Devin Pratt, Research Director, Data Management, IDC. “Vertica strengthens Rocket’s ability to support enterprises working to modernize their core systems, repatriate analytics workloads, and accelerate AI adoption. This acquisition brings together complementary strengths for organizations seeking to transform data into real business value.” Strengthening the Modernization Journey with Vertica The acquisition of Vertica enhances Rocket Software’s ability to support customers along their modernization journey, including: Running Advanced Analytics and AI on Trusted Systems. Vertica adds high-performance analytics and AI capabilities to Rocket Software’s modernization portfolio, complementing core systems modernization with advanced data insights. This ...

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