Rocket Software Completes Acquisition of Vertica, Expanding High-Performance Analytics and AI for Mission-Critical Systems

Rocket Software has completed its acquisition of Vertica, an enterprise-grade analytics database platform, from OpenText. The deal brings over 600 global customers and 170 employees to Rocket Software, strengthening its modernization portfolio by combining core systems with high-performance analytics and AI capabilities. The acquisition enables enterprises to run advanced analytics and GenAI on trusted data sources across cloud, on-premises, and hybrid environments.

05/11/2026, 8:48 AM • Benzinga

$14.62 Bn Legal AI Software Markets, 2035 by Component, Deployment, Pricing Model, Technology, Application, End-Users, Company Size, Business Model, and Key Geographical Regions

The global legal AI software market is expected to grow from $1.53 billion in 2025 to $14.62 billion by 2035, with a CAGR of 22.77%. Cloud-based deployments and machine learning technologies are leading the market, while subscription pricing models dominate. North America leads geographically, and law firms are the primary adopters, with SMEs expected to increase adoption in coming years.

04/17/2026, 4:48 AM • GlobeNewswire

Out With the Old Box and in With the New: A Check-in on the AI Transformation

Box Inc has successfully transitioned from a cloud storage provider to an AI-driven intelligent content management platform through its Suites strategy, bundling storage with AI features, e-signature, and security. While the company appears undervalued with a 21% margin of safety based on DCF analysis, it faces challenges including high EV/EBITDA multiples, concerns about growth ceiling, and potential competition from larger rivals like Microsoft and Google. The stock remains a 'show-me story' with mixed guru sentiment, requiring faster revenue growth above 15% to justify higher valuations.

03/11/2026, 7:28 AM • Investing

OpenText Names Carahsoft U.S. Public Sector Partner of the Year for 2025

Carahsoft Technology Corp. has been awarded U.S. Public Sector Partner of the Year for 2025 by OpenText, recognizing its contributions to expanding OpenText's information management solutions across the public sector. As OpenText's public sector distributor since 2018, Carahsoft executed strategic initiatives including conference sponsorships, government-focused sessions, and go-to-market strategies to enhance OpenText's reach in cybersecurity, AI, and digital transformation technologies.

02/09/2026, 9:00 AM • GlobeNewswire

The Software Crash In Numbers: These Stocks Are Getting Hit Hardest

The software sector is experiencing one of its worst drawdowns in years, with the iShares Expanded Tech-Software Sector ETF (IGV) down 16% over seven consecutive sessions. Year-to-date, 100 of 110 constituents are in negative territory, with over 20 stocks down more than 30%. The selloff is attributed to AI disruption pressuring software business models, though some industry leaders like Nvidia's CEO argue AI depends on software tools rather than replacing them.

02/04/2026, 1:12 PM • Benzinga

Rocket Software to Acquire Vertica Analytics Database Platform from OpenText

Rocket Software announced a definitive agreement to acquire Vertica analytics database platform from OpenText. The acquisition, expected to close mid-2026, will expand Rocket's capabilities in high-performance analytics, data modernization, and AI/ML workloads. Rocket plans to fund the deal with cash from its balance sheet.

02/02/2026, 9:10 AM • Benzinga