Rocket Software completes acquisition of Shadow from Progress Software

Waltham, MA – October 19, 2012 – Rocket Software, Inc. (www.rocketsoftware.com) announced today that it has acquired the Shadow business from Progress Software (PRGS) (www.progress.com). Shadow is a leading provider of mainframe integration software for the IBM System z platform. The entire Shadow team, which is primarily based near Houston, Texas, has joined the global organization of more than 1,000 Rocket employees and is the newest addition to our Application Development, Integration, and Modernization business unit.

Andy Youniss, President and Chief Executive Officer of Rocket Software, said, "We have known of Shadow for years as a leader in the mainframe integration and modernization market. This is a great acquisition for Rocket and is a natural fit with our broad set of mission critical infrastructure offerings for System z. This combination will help us deliver more valuable solutions that streamline information access to support evolving business needs. We welcome our new customers and partners, and look forward to supporting them and helping them achieve ongoing success with Shadow."

Gregg Willhoit, Software Fellow with the Shadow business, said “The Shadow team and I are very excited about joining Rocket Software. Rocket has a long history in mainframe software and great expertise focused on System z. We are looking forward to introducing Shadow to the broader Rocket customer base.”