Rocket Software has acquired Geniez AI, according to a LinkedIn post announcing the deal. The transaction is completed. The purchase price was not disclosed in the source.
The post describes Geniez AI as a company whose customers use it to apply AI to their mainframe systems. It says the company reached this point in only one year.
The post credits the team, investors and customers. It names Dan Shprung as co-founder, alongside the author, and names Morgan Wyatt, Hanan Milman, Kye Maloy and Claire Connor as team members. It identifies Canapi Ventures and StageOne Ventures as investors.
The author states excitement about working with the Rocket Software team to continue delivering innovation. No further terms, advisers, closing date or financial details were provided in the source.