Bain Capital-backed Rocket Software acquires enterprise software developer KRI

• KRI was founded in 1988
• KRI works with customers in the private and public sector, spanning several industries including healthcare, government and financial services
• Bain Capital targets a number of sectors that include retail, business service, consumer, financial service, healthcare and industrial sectors

Rocket Software, a a portfolio company of Bain Capital Private Equity, has acquired Key Resources Inc, a provider of mainframe security consulting services.

Based in Chicago, KRI is a developer of enterprise software.

“Helping customers modernize their mainframe without disruption is our primary focus,” said Milan Shetti, president and CEO of Rocket Software, in a statement. “With the acquisition of KRI, we will extend the world-class security architectures that exist on the mainframe to cover data and workloads that live in other places, including the cloud. I look forward to welcoming the entire KRI team to the Rocket Software family.”

KRI was founded in 1988. KRI works with customers in the private and public sector, spanning several industries including healthcare, government, and financial services.

Based in Boston, Bain Capital was founded in 1984. Bain Capital targets a number of sectors that include retail, business service, consumer, financial service, healthcare and industrial sectors.

Correction: An earlier version of this news report misstated KRI’s location. KRI is based in Chicago and Rocket Software is based in Waltham, Massachusetts. The information has since been corrected.