Industry Update: Software
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Software industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Industry Highlights
- On November 28, 2023, Rocket Software, Inc., a global technology leader driving modernization for the world’s largest companies, announced that it signed a definitive agreement to acquire the Application Modernization and Connectivity business of OpenText, which was formerly part of Micro Focus. The total purchase price is approximately $2.3 billion.