Five Minute Briefing - MultiValue
October 24, 2018
A comprehensive monthly publication filled with news and insight serving the MultiValue database community.
News Flashes
With the help of Zumasys, Encompass Supply Chain Solutions, Inc. successfully migrated its ERP system to jBASE. The company also migrated its infrastructure from a co-location facility to the Zumasys cloud, now owned and operated by NexusTek. The move has helped Encompass eliminate costly downtime and streamline development for the company's primary business applications.
With the ever-changing business landscape, many companies that rely on MultiValue platforms are looking for ways to integrate existing systems with new technologies - and specifically, figuring out how to leverage the capabilities of the cloud. Organizations often find themselves torn between the platforms they've built their critical business applications on and user demands for modern, intuitive interfaces that provide anytime, anywhere access to web and mobile applications.
Rocket Software is entering a definitive agreement for Bain Capital Private Equity to acquire a majority stake in the company. The enterprise value of the transaction is approximately $2 billion. Rocket Software will continue to operate under its current management team, led by President and Chief Executive Officer Andy Youniss.