M&A Deal Summary

Rocket Software Acquires ASG Technologies

On April 12, 2021, Rocket Software acquired software company ASG Technologies

Acquisition Highlights
  • This is Rocket Software’s 10th transaction in the Software sector.
  • This is Rocket Software’s 8th transaction in the United States.
  • This is Rocket Software’s 1st transaction in Florida.

M&A Deal Summary

Date 2021-04-12
Target ASG Technologies
Sector Software
Buyer(s) Rocket Software
Deal Type Add-on Acquisition
Advisor(s) Bank of America Merrill Lynch (BofA Securities)
Barclays Investment Bank (Financial)
Gibson, Dunn & Crutcher LLP (Legal)

Target

ASG Technologies

Naples, Florida, United States
website
ASG Technologies is an analyst-verified global software company providing the only integrated platform and flexible end-to-end solution for the information-powered enterprise. ASG’s Information Management solutions capture, manage, govern, and enable companies to understand and support all types of information assets (structured and unstructured) and stay compliant. ASG’s IT Systems Management solutions ensure that the systems and infrastructure supporting that information lifecycle are always available and performing as expected. ASG has over 3,500 customers worldwide in top vertical markets including Financial Services, Healthcare, Insurance, and Government. ASG Technologies was founded in 1986 and is based in Naples, Florida.

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Buyer(S) 1

Buyer

Rocket Software

Waltham, Massachusetts, United States

website


Category Company
Founded 1990
SectorSoftware
DESCRIPTION

Rocket Software is a global software development firm that builds and services Enterprise Infrastructure products for the world’s leading OEMs, networks and software companies and enterprises. Rocket Software’s solutions make it easier to unlock the business logic and data inside host-based systems to help speed digital transformation projects and help companies compete more effectively. IT departments streamline their daily operations using the automation and optimization capabilities offered by Rocket Software to get more out of existing resources and free staff to focus on efforts that drive new revenue. Founded in 1990, Rocket is based in Waltham, Massachusetts with locations in Europe, Asia, and Australia.


DEAL STATS #
Overall 12 of 13
Sector (Software) 10 of 10
Type (Add-on Acquisition) 9 of 9
State (Florida) 1 of 1
Country (United States) 8 of 9
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-03 Uniface

Amsterdam, Netherlands

Uniface is a provider of model-driven, low-code application development and deployment software. Uniface was founded in 1984 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Zumasys - Database and Tools Products

Irvine, California, United States

Zumasys's Database and Tools Products includes AccuTerm, jBASE, MVConnect, MV Dashboard, and OpenQM.

Buy -