THE Rocket Software (“Rocket®”), a global technology leader that develops business modernization and optimization solutions for Fortune 500 companies and government agencies, announces an agreement for the acquisition of ASG Technologies, a leading company in the provision of Information Management and IT Systems solutions.
This acquisition reinforces Rocket's commitment to its customers and partners to continue expanding its portfolio of enterprise software solutions that generate value for legacy platforms in all fields of core infrastructure technology, security, data and Artificial Intelligence, application development, open source and hybrid cloud resources.
“We know ASG well and are pleased to add its expertise and experience in structured and unstructured data, content management and systems management for our company,” says Andy Youniss, CEO of Rocket Software. “This is an important milestone in our journey to invest in global IT business solutions and in our ongoing commitment to our customers. We will continue to allow our customers to develop their core applications, harnessing the power of their data and operating their IT environments. ”
The combination of these portfolios will lead to a more holistic approach to generating value from the vast data resources and comprehensive applications of your business. Decades of innovation in the ASG content management market will continue under the leadership of Rocket to address the challenges of changing integration and transparency in legacy environments, in Cloud and SaaS. Systems management solutions will continue to support the efficient operation of these critical environments.
“The digital transformation has taken on a new level of priority for organizations in different locations and in different sectors over the past year. Now, the urgency with which digitization has been adopted in companies further solidifies ASG's mission to improve the way people, information processes and systems work together to deliver business results ”, says Charles Sansbury, ASG President and CEO . “With our combined experience and shared vision, Rocket and ASG will bring industry-leading innovation to our customer base worldwide.”
The deal is expected to be completed at the end of this quarter, subject to receipt of applicable regulatory approvals and other customary closing conditions. The financial terms of the deal have not been released at this time.
Bank of America Securities and Barclays are acting as financial advisors. Gibson, Dunn & Crutcher LLP is serving as legal counsel for ASG.
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