Business Services Industry
Rocket Software Announces Acquisition of Software Products From Telcordia; Addition Augments Rocket's Database Capabilities
Business Wire, Sept 19, 2006
NEWTON, Mass. -- Rocket Software (www.rocketsoftware.com), a Boston-based developer of Enterprise Infrastructure products, today announced that it has acquired three software products from Telcordia Technologies (www.telcordia.com), the leading provider of software and services for IP, wireline, mobility and cable networks. The products acquired by Rocket are currently sold under the names Information Management System (IMS) Workload Router, Information Management System DRC Facility, and Information Management System Y2K Exit Point Routine. The purchase closed at the end of last quarter, and Chris McKinzie of Austin-based Fluid Innovation Group advised on the transaction. This acquisition bolsters Rocket's already significant offerings in the database management market. Customers of the three products sold in the transaction will continue to receive support and product upgrades from Rocket.
Related Results
Telcordia Technologies was founded as Bellcore in 1984 to provide research and development for the seven original "Baby Bells" and today serves wireline, mobile, cable, government, and equipment supplier markets around the globe. Since its founding, the company has been at the forefront of telecom innovation -- for example, Telcordia software handles all of the toll-free phone traffic in the United States -- and holds more than 560 patents and 330 foreign patent equivalents. For questions regarding Telcordia's patents, contact Vernon Anthony, Executive Director, Intellectual Capital Products, Telcordia, at 732-699-4573 or vanthony@telcordia.com.
Andy Youniss, CEO of Rocket Software, says, "We are delighted to take over the development and support of software products developed by Telcordia, a pioneer in the field of telecommunications applications. The addition of these products will further strengthen Rocket's commitment to our global customer base, which includes the world's top software companies, equipment manufacturers, wireless equipment manufacturers and carriers."
About Rocket Software
Founded in 1990, Rocket Software is a global development firm that builds Enterprise Infrastructure products for the world's leading OEMs, networks and software companies. The company's current lines of business complement and extend strategic OEM offerings in the areas of enterprise and mobile security, relational databases, mobile and wireless computing, and operational support systems (OSS). Rocket's current OEM relationships and technology partners include IBM, RSA Security, Microsoft, NEC, and Toshiba. Rocket Software is based in Newton, Mass., and employs more than 200 people worldwide. For more information, visit www.rocketsoftware.com.
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