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Rocket Software Agrees to Acquire Seagull

Monday, February 12, 2007 6:00:00 AM PDT | VentureDeal Staff

NEWTON, MARocket Software and Seagull Software announced an agreement for Rocket to acquire 100% of the shares of Seagull for 4.33 Euros per share, representing a 94% premium over the closing price of Seagull shares on December 4, 2006.

Rocket Software builds enterprise infrastructure products for OEM’s, networks and software companies.  Seagull Software develops technology that translates legacy applications into SOA-compliant web service applications via its LegaSuite ® software platform.  Seagull claims its software programs are in use by more than 10,000 businesses and governmental institutions worldwide.  Seagull has offices throughout Europe, Asia and the United States.

Rocket Software is privately-held and has offices throughout the US, China, Russia and the UK.

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