Last week, peHUB reported that Court Square Capital Partners had quietly invested in Rocket Software, a Boston-area maker of enterprise infrastructure software. Neither firm commented, but an SEC filing now indicates that the equity amount was approximately $92 million. No word on debt, or if Court Square now has majority control.
This is Court Square’s first investment in Rocket, which was founded 19 years ago to developer and deliver software solutions to IBM mainframe customers deploying DB2 databse servers. Rocket soon licensed its IP to IBM, and had its products rebranded.
It has since expanded its licensing to other OEMs like Microsoft, and began making strategic acquisitions that resulted in Rocket selling over 100 different software products via its OEM partners, resellers and direct sales. Most recently, Rocket agreed to buy IBM’s U2 suite of “multivalue” database and application development products.