Rocket Software Acquires Folio and NXT from Microsoft
Newton, Mass. – December 2, 2009 – Rocket Software (www.rocketsoftware.com), a global developer of Enterprise Infrastructure products, today announced that it has acquired the Folio and NXT business from Microsoft Corporation (NASDAQ:MSFT). Folio and NXT customers will obtain support and new product releases directly from Rocket Software.
Folio Corporation was founded in 1987 and was subsequently owned by Mead Data Central (LEXIS-NEXIS), Open Market and NextPage before its technology was acquired by Fast Search & Transfer (FAST) in 2004; in 2008 FAST was acquired by Microsoft. The Folio and NXT products facilitate the management of online content.
According to Rocket Software CEO Andy Youniss, “We are pleased that Microsoft selected us to take over the development, service, and support for all Folio and NXT customers. This is a great fit for Rocket, and we look forward to working with the customers to provide the features and functions they need to be successful with their investment in the products.”
“We are very excited that Rocket has acquired the Folio and NXT products. Rocket is well-positioned to offer top notch service and support to the Folio and NXT customers and partners,” said FAST CEO and Microsoft Distinguished Engineer Bjørn Olstad.
Rocket will be hosting a webinar on December 9, 2009 for existing and previous Folio and NXT customers. Sign up for a webinar and sign up for a Rocket Software Customer Portal account.
About Rocket Software
Rocket Software (www.rocketsoftware.com) is a global software development firm that builds enterprise products and delivers enterprise solutions in the following segments: Business Intelligence and Analytics; Storage, Networks, and Compliance; Application Development, Integration, and Modernization; and Database Servers and Tools. Rocket is engaged in business and technology partnerships with IBM, EMC, Fujitsu, HP Enterprise Services, Avaya, Motorola, and many others. The company is headquartered in Newton, Massachusetts, USA.
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Rocket Press Contact
Richard Berman for Rocket Software
Phone: 415 359 4906
Email: richard@verbfactory.com
