Rocket Software Buys OpenText’s App Modernization & Connectivity Business for $2.3B; Milan Shetti Quoted

Rocket Software, a portfolio company of Bain Capital Private Equity, has closed its acquisition of OpenText’s (Nasdaq: OTEX) application modernization and connectivity business for approximately $2.3 billion. Rocket Software said Tuesday it expects the transaction to increase its revenue by 60 percent and broaden its client base to over 12,500 companies worldwide. The software company

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