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New Deal


Announced

Completed

Rocket Software completed its acquisition of RSD from Argos Wityu.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

Private

Switzerland

Acquisition

banking software

Single Bidder

Majority

Private Equity

Friendly

Completed

Synopsis

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Rocket Software, a global technology company that develops enterprise modernization and optimization solutions for Fortune 500 companies and government agencies, completed its acquisition of RSD, which provides software solutions. Financial terms were not disclosed. “The RSD and Rocket teams share the same passion for doing what’s right for customers and partners. As a result, we’re both focused on helping organizations enhance their IBM Z environments with open technology to power their hybrid cloud IT strategies. The addition of RSD solutions to the Rocket product portfolio will accelerate innovation and the move to open technology on Z, cementing the mainframe’s role as the leading platform for major organizations that depend on modern, open, and secure computing,” Andy Youniss, Rocket Software Chief Executive Officer.

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