Rocket Software, a global technology leader in modernization software, announced it is entering into a definitive agreement to acquire the Vertica analytics database from OpenText.
Vertica is an enterprise-grade analytics database platform trusted by leading global organizations for its proven technology and industrial-strength performance for mission-critical analytical workloads, according to OpenText.
The technology sits at the center of many of today’s investments and helps enterprises drive better business outcomes while balancing cloud innovation with regulatory compliance, data sovereignty, performance, and cost requirements. By adding Vertica to its portfolio, Rocket Software will extend its capabilities to support the modernization of high-performance analytics, data, and AI, particularly for customers with demanding IT environments, Rocket said.
This acquisition accelerates Rocket’s strategy to be the partner of choice for modernization without disruption, allowing customers not only to modernize core systems and data but also to run next-generation analytics and GenAI directly on that trusted data, according to the company.
Vertica’s ability to support cloud, on-prem, and hybrid deployments, combined with strong AI/ML capabilities, allows Rocket to meet customers exactly where they are when it comes to running their most sensitive, performance-intensive workloads today.
“The surge in AI investment has heightened both the importance and the difficulty of turning data into real business value,” said Milan Shetti, president and CEO of Rocket Software. “With Vertica, we’re addressing the next wave of modernization challenges: transforming data warehouses, repatriating analytics workloads, and enabling AI-driven decision-making so customers can handle their most data-intensive workloads and accelerate modernization.”
Rocket Software intends to fund the acquisition with cash from its balance sheet. The transaction is expected to close in middle of calendar year 2026, subject to receipt of applicable regulatory approvals and other customary closing conditions.
In May 2024, Rocket Software completed the integration of OpenText’s Application Modernization and Connectivity (AMC) business, formerly part of Micro Focus.
For more information about this news, visit www.rocketsoftware.com.