Print This Page 
Email This Page
Newton, Mass—October 25, 2004—Rocket Software, a global development firm that builds enterprise infrastructure products for the world’s leading OEMs, networks and software companies, today announced that it has signed a revolving credit facility with Wells Fargo Foothill, part of Wells Fargo & Company (NYSE:WFC). The agreement provides Rocket with $20 million through a 5 year senior credit facility.
Johan Magnusson, Chief Financial Officer of Rocket Software, said, “The announcement is an important development for our company. This credit facility gives us the ability to pursue opportunities that will allow Rocket to expand our position in the enterprise infrastructure space. Wells Fargo Foothill is an ideal partner for Rocket as we explore new ways to grow our business.”
“Rocket has found success in adding value for its customers in a highly competitive sector and continues to be a leader in technology innovation within the software development area,” said Scott D. Ryan, Senior Vice President with Wells Fargo Foothill. “We are pleased to provide this credit facility to help the company expand its operations and extend its presence in the global technology market.”
About Rocket Software�
Founded in 1990, Rocket Software is a global development firm that builds Enterprise Infrastructure products for the world’s leading OEMs, networks and software companies. The company’s current lines of business complement and extend strategic OEM offerings in the areas of enterprise and mobile security, relational databases, mobile and wireless computing, and operational support systems (OSS). Rocket’s current OEM relationships and technology partners include IBM, RSA Security, Microsoft, NEC, and Toshiba. Rocket Software is based in Newton, Mass., and employs more than 200 people worldwide. For more information, visit www.rocketsoftware.com.
About Wells Fargo Foothill
Wells Fargo Foothill is a leading provider of senior secured financing to middle-market companies across the United States and Canada. It is part of Wells Fargo & Company, a diversified financial services company with $422 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,000 stores and the Internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only “Aaa”-rated bank in the United States. For more information, visit Wells Fargo Foothill on the Internet at www.wffoothill.com.