Rocket Software Acquires Key Resources, Inc., Expanding Mainframe Security Capabilities
WALTHAM, Mass. — March 1, 2023 —Rocket Software, Inc. a global technology leader that develops enterprise software for some of the world’s largest companies, today announced its acquisition of Key Resources, Inc. (KRI), a leader in mainframe security and vulnerability identification and assessment for over 30 years. The acquisition strengthens Rocket Software’s mainframe security capabilities and will enable its customers to address their mainframe infrastructure needs in the most comprehensive and holistic way. With the addition of KRI, Rocket Software customers will have the ability to standardize on their preferred mainframe security solutions.
According to a study from Forrester® Consulting, more than 80% of businesses know mainframe security is important. Mainframes hold businesses’ most critical information – from financial information to trade secrets to customer data. But the same study found that very few businesses take all of the steps necessary to protect their mainframes. Scanning mainframes for zero-day vulnerabilities—a significant attack vector in data breaches – can dramatically reduce vulnerability and improve integrity. To keep the wealth of data that mainframes process secure, businesses must prioritize mainframe security to avoid a potential crisis.
The combination of Rocket Software’s vast mainframe experience and KRI’s deep domain knowledge in mainframe security and assessment, means Rocket Software customers will now have access to comprehensive mainframe solutions spanning data, monitoring, workload automation, storage and security. By acquiring KRI, Rocket Software will have additional tools and services capabilities to help customers meet their security and compliance goals, even as workloads begin to span along both the on-premises mainframe environment and public cloud domain.
“Helping customers modernize their mainframe without disruption is our primary focus,” said Milan Shetti, President and CEO of Rocket Software. “With the acquisition of KRI, we will extend the world-class security architectures that exist on the mainframe to cover data and workloads that live in other places, including the cloud. I look forward to welcoming the entire KRI team to the Rocket Software family.”
“KRI was founded in 1988 to provide mainframe security services to organizations based on the principles of integrity, accountability, and communication,” said Cynthia Overby, co-founder of Key Resources, Inc. “We have long admired Rocket Software as a company that shares our mission and vision, and we look forward to bringing our suite of products and expertise to the Rocket Software portfolio, enabling customers to best protect their IT environments.”
The financial terms of the deal are not being disclosed.
For more information on Rocket® suite of tools to protect the mainframe, click here.
About Rocket Software
Rocket Software partners with the largest enterprises, in all industries, to solve their most complex IT challenges across infrastructure, data and applications — with solutions that simplify, not disrupt their modernization journey. Trusted by over 10,000 customers, Rocket Software helps enterprises modernize in place with a hybrid cloud strategy, so they don’t need to re-platform or build from the ground up. The company’s 2,600 global employees work with customers to accelerate and optimize their modernization journey while meeting evolving market needs. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn and Twitter or visit www.RocketSoftware.com.
About KRI Security
KRI was founded in 1988 on the principles of Integrity, Accountability, and Communication. The company began by providing mainframe security consulting services to Fortune 500 institutions focusing on mainframe security configuration and compliance audits. The KRI Security team of consultants is highly experienced with profound mainframe security software development experience and a long-standing IT security background. Today, KRI Security works with customers in the private and public sector, spanning several industries including healthcare, government, and financial services. For more information, visit www.krisecurity.com.