Rocket Software to Acquire Vertica Analytics Database Platform from OpenText
MWN-AI** Summary
**Rocket Software to Acquire Vertica Analytics Database Platform from OpenText**
WALTHAM, Mass., Feb. 02, 2026 (GLOBE NEWSWIRE) — Rocket Software, a global leader in modernization technology, has announced a definitive agreement to acquire the Vertica analytics database from OpenText (NASDAQ: OTEX, TSX: OTEX). Vertica is recognized for its robust enterprise-grade analytics capabilities, which are leveraged by major organizations to enhance business outcomes while navigating the complexities of cloud innovation, regulatory compliance, and performance metrics.
This acquisition is poised to bolster Rocket Software’s ability to support modernization initiatives surrounding high-performance analytics and artificial intelligence (AI). By integrating Vertica’s technology, Rocket aims to provide its customers, particularly those with intensive IT needs, the means to modernize core systems and seamlessly adopt next-generation analytics and AI-optimized decision-making.
Rocket Software brings decades of experience in managing mission-critical data environments, evidenced by its existing portfolio, which includes the Rocket MultiValue databases, Rocket Model 204 for high-volume processing, and Rocket ContentEdge for AI-enabled content modernization. Milan Shetti, President and CEO of Rocket Software, emphasized the transformative potential of this acquisition, particularly in helping clients better navigate the challenges of data management and AI integration.
With the increasing emphasis on AI and analytics among business leaders—illustrated by over 80% of CEOs surveyed by PwC in 2026 investing in these areas—Rocket's acquisition of Vertica aligns with a broader industry trend towards data-driven decision-making. The transaction is expected to be funded through Rocket’s cash reserves and is projected to close in mid-2026, pending regulatory approvals.
Rocket Software is committed to enabling organizations to modernize without disruption, helping them to leverage their existing infrastructure, data, and applications effectively. Headquartered in the Boston area and supported by Bain Capital Private Equity, Rocket Software continues to be a pivotal partner in the global modernization journey.
For further details, visit www.RocketSoftware.com or follow Rocket Software on LinkedIn and X.
MWN-AI** Analysis
Rocket Software's acquisition of the Vertica analytics database from OpenText marks a significant milestone as it enhances the company's capabilities in high-performance analytics, data modernization, and cloud services. This strategic move positions Rocket Software to meet the growing demand for advanced analytics solutions, particularly amidst the rising investments in AI technologies.
The Vertica platform is recognized for its robustness in handling mission-critical analytical workloads, making it a vital asset for Rocket's current portfolio, which includes solutions for the retail, healthcare, and financial sectors. By integrating Vertica, Rocket can leverage cutting-edge AI and machine learning capabilities to further assist organizations in transforming their data warehouses and seamlessly modernizing their analytics processes.
From a market perspective, the acquisition aligns well with industry trends highlighted by PwC's 2026 Global CEO Survey, which indicates that over 80% of CEOs are prioritizing AI and analytics to drive improved business outcomes. Given this context, Rocket's initiative to enhance its offerings positions it as a vital partner for businesses looking to extract valuable insights from their data amidst a complex IT landscape.
The deal, which is anticipated to close in mid-2026, reflects Rocket's well-established track record of integrating large acquisitions and delivering enhanced value to customers, as observed with the successful completion of the integration of OpenText’s Application Modernization and Connectivity business. Funding the acquisition through cash reserves indicates Rocket's strong financial health and commitment to growth.
In conclusion, investors should monitor Rocket Software's progress as it integrates Vertica, as this could enhance its market competitiveness and drive revenue growth. With the increasing reliance on data-driven decision-making, Rocket’s improved analytics capabilities are likely to draw interest from potential clients and may enhance its overall market valuation over time.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
WALTHAM, Mass., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Rocket Software, a global technology leader in modernization software, today announced it has entered into a definitive agreement to acquire the Vertica analytics database from OpenText (NASDAQ: OTEX), (TSX: OTEX).
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. 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.
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. 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.
Rocket Software has decades of experience running mission-critical data platforms, including Rocket MultiValue databases that power daily retail and healthcare operations, Rocket Model 204 for high-volume mainframe transaction processing, and Rocket ContentEdge for governance-first, AI-enabled large-scale content modernization.
“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.”
According to PwC’s 2026 Global CEO Survey, more than 80% of CEOs are investing in areas such as AI and analytics to improve business outcomes and enable intelligent decision-making. However, unlocking the data needed to uncover those insights requires bringing together the right infrastructure, systems, and data sources. For decades, Rocket Software has helped customers solve these exact challenges, with a portfolio that addresses complex IT pain points across infrastructure, data, applications, and AI, enabling organizations to modernize without disruption.
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, and has a strong track record of successfully integrating large, complex acquisitions to deliver greater value for customers.
About Rocket Software
Rocket Software is a global technology leader in modernization and a partner of choice that empowers the world’s leading businesses on their modernization journeys, spanning core systems to the cloud. Trusted by over 12,500 customers and 750 partners, and with more than 3,000 global employees, Rocket Software enables customers to maximize their data, applications, and infrastructure to deliver critical services that power our modern world. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn and X or visit www.RocketSoftware.com.
For media inquiries:
Lacey Darrow
ldarrow@rocketsoftware.com
FAQ**
How does Rocket Software plan to integrate the Vertica analytics database from OpenText Corporation (OTEX:CC) into its existing product offerings to enhance its modernization capabilities?
What specific benefits does Rocket Software anticipate from the acquisition of Vertica in addressing the challenges outlined by the PwC Global CEO Survey related to AI and analytics investment?
Can you elaborate on how Rocket Software will utilize its cash reserves to fund the acquisition of Vertica from OpenText Corporation (OTEX:CC) and what impact this may have on its financial strategy moving forward?
Given Rocket Software's successful track record in past acquisitions, what key metrics will be used to measure the success of the integration of Vertica from OpenText Corporation (OTEX:CC) post-acquisition?
**MWN-AI FAQ is based on asking OpenAI questions about Open Text Corporation (NASDAQ: OTEX).
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