Rocket Software Buys SmartDB

Rocket Software, a Boston-based developer of enterprise infrastructure products, has acquired the assets of SmartDB Corp., a Menlo Park, Calif.-based software developer whose flagship product is an IT workbench that helps simplify data conversions and interface projects. No financial terms were disclosed. SmartDB had raised over $7 million in VC funding since 2001, from firms like 3i Group, Novus Ventures and Rocket Ventures (3i was no longer listed on the company's website).