Rocket Software agrees to acquire ASG Technologies
Rocket Software, a provider of enterprise modernization and optimization solutions for Fortune 500 companies and government agencies, has signed a definitive agreement to acquire ASG Technologies.
ASG Technologies is a global software company providing an integrated platform and flexible end-to-end solution for information-powered companies.
The acquisition expands Rocket’s portfolio of enterprise software solutions focused on expanding the value of legacy platforms across the technology domains of core infrastructure, security, data & AI, application development, open source, and hybrid cloud.
“We know ASG well and are pleased to add their competencies and expertise in and around structured and unstructured data, content management, and systems management to our combined company,” said Andy Youniss, CEO, Rocket Software. “This is an important milestone in our journey of investing in global enterprise IT solutions and in our ongoing commitment to our customers. We will continue to enable our customers to evolve their core applications, take advantage of the power of their data, and operate their IT environments.”
ASG offers Information Management solutions for the capture, management, and governance of data, enabling organizations to understand and support all types of information assets (structured and unstructured) and stay compliant. In addition, ASG offers IT Systems Management solutions to ensure that the systems and infrastructure supporting the information lifecycle are always available and performing as expected.
According to Rocket, the combination of portfolios will drive a more holistic approach to generating value from the vast data capabilities of extensive applications at the core of their business. Rocket also noted that decades of innovation in the content management space from ASG will continue under Rocket leadership to address the shifting challenges of integration and transparency across legacy, cloud, and SaaS environments. The systems management solutions will continue to support the efficient operation of these critical environments.
“Digital transformation has taken on a new level of priority for organizations across industries and geographies in the past year, and the urgency with which it has been embraced in the enterprise has further solidified ASG’s mission to improve the way people, information processes and systems work together to deliver business outcomes,” said Charles Sansbury, president and CEO, ASG. "With our combined expertise and shared vision, together Rocket and ASG will bring industry-leading innovation to our customer base worldwide."
The deal is expected to close later this calendar quarter and financial terms were not disclosed. For more information, go to www.rocketsoftware.com