M&A Deal Summary

Rocket Software Acquires KRI

On March 1, 2023, Rocket Software acquired information technology company KRI

Acquisition Highlights
  • This is Rocket Software’s 3rd transaction in the Information Technology sector.
  • This is Rocket Software’s 10th transaction in the United States.
  • This is Rocket Software’s 1st transaction in Illinois.

M&A Deal Summary

Date 2023-03-01
Target KRI
Sector Information Technology
Buyer(s) Rocket Software
Deal Type Add-on Acquisition

Target

KRI

Lake Villa, Illinois, United States
KRI provides mainframe security consulting services to Fortune 500 institutions focusing on mainframe security configuration and compliance audits. The KRI Security team of consultants is highly experienced with profound mainframe security software development experience and a long-standing IT security background. Today, KRI Security works with customers in the private and public sectors, spanning several industries including healthcare, government, and financial services. KRI was formed in 1988 and is based in Lake Villa, Illinois.

Search 214,876 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Rocket Software

Waltham, Massachusetts, United States

Category Company
Founded 1990
Sector Software
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. Rocket Software was founded in 1990 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 14 of 16
Sector: Information Technology M&A 3 of 3
Type: Add-on Acquisition M&A Deals 10 of 11
State: Illinois M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2023 M&A 1 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 B.O.S.

Munich, Germany

B.O.S. is a provider of data integration solutions. B.O.S. drives innovation with integration technology for heterogeneous environments powered by mainframe architecture. The company helps enterprise customers and government agencies create synergies between their mainframe and emerging technologies like Cloud and Big Data. B.O.S. is based in Munich, Germany.

Buy -