Bain Capital Private Equity is set to acquire a majority stake in Rocket Software, global technology provider and leader in developing and delivering enterprise modernization and optimization solutions. The enterprise value of the transaction is approximately $2 billion. “We are excited to partner with Bain Capital as we get ready to launch our fourth decade of growth. Rocket solutions help organizations get the most from their data and achieve ‘digital literacy’ through modernization, which is the fuel they need to compete more effectively in the digital age. Our core values begin and end with putting our customers and partners first. This new relationship will allow us to devote significant resources to our new global R&D organization, while developing and delivering even more solutions that help our customers both optimize and modernize their applications, data, and security infrastructure on IBM Z, IBM i, and MultiValue application platforms.” Andy Youniss, Rocket Software President and Chief Executive Officer