# Rocket Software

Rocket Software is an Asset Manager based in Waltham, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Waltham, United States
- **Region:** North America
- **Address:** Waltham, MA, United States
- **Founded:** 1990
- **Assets under management:** Undisclosed
- **Website:** rocketsoftware.com
- **LinkedIn:** https://www.linkedin.com/company/rocket-software

## Regulatory record

- **Reports private funds:** No

## About

Rocket Software is a US-based company founded in 1990 in Waltham. It has secured $91,900,001 in total funding.

## Sectors

- Enterprise Software
- Mainframe & Legacy Modernization

## People

- Milan Shetti — President & CEO

## Questions

### Who owns Rocket Software and how is it governed?

Bain Capital Private Equity acquired a majority stake in Rocket Software in 2018 at a reported $2 billion enterprise value. The firm operates under a standard private equity governance model with a Bain-controlled board. CEO Milan Shetti runs day-to-day operations after succeeding co-founder Andy Youniss in 2018.

### How does Rocket Software generate deal flow?

Rocket does not build software organically — it acquires mature, niche mainframe and infrastructure products that larger vendors like IBM, CA Technologies, and Micro Focus divest as non-core. The firm targets software with deeply entrenched customer bases in banking, insurance, and government, where switching costs are prohibitive. Deal flow comes from direct corporate carve-out negotiations rather than competitive auctions.

### Is Rocket Software a venture firm or a private equity-backed operating business?

Rocket Software is an operating company backed by Bain Capital Private Equity, not a family office or venture fund. It acquires, integrates, and manages legacy enterprise software products under a single corporate entity — operating more like a roll-up platform than a financial portfolio. The firm employs thousands of engineers and support staff who maintain and enhance the acquired products.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/rocket-software

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