M&A activity continues

On March 5th Corvu announced that they were to be acquired by Rocket software.

Extract of Press release follows: "...Minneapolis – Monday, March 5, 2007 - CorVu® Corporation (OTC BB: CRVU), an innovative provider of Business Intelligence and Performance Management software solutions, announced today that it has entered into a definitive agreement with Rocket Software, Inc. and a wholly-owned subsidiary of Rocket Software, Inc. under which CorVu will be acquired in an all cash merger transaction..."

So who exactly is Rocket software? I sure never heard of them, have you?

They certainly are a company on an acquisition trail (see http://www.rocketsoftware.com/news/news).

But what do they want with a BPM/BI Vendor? Well, it would appear from their website that they are quite a 'mixed' company and have their own BI tool called Rocket which appears to have multiple usages. So I can only guess that Corvu would server to add to that capability because Corvu has some great functionality surrounding a complete BPM solution.

I wonder if Rocket, who do not appear to have any exsiting Aussie presence plan on entering our market via Corvu?