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Rocket Software Acquires Folio and NXT from Microsoft

Rocket Software (www.rocketsoftware.com), a global developer of Enterprise Infrastructure products, today announced that it has acquired the Folio and NXT business from Microsoft Corporation (NASDAQ:MSFT). Folio and NXT customers will obtain support and new product releases directly from Rocket Software.

Folio Corporation was founded in 1987 and was subsequently owned by Mead Data Central (LEXIS-NEXIS), Open Market and NextPage before its technology was acquired by Fast Search & Transfer (FAST) in 2004; in 2008 FAST was acquired by Microsoft. The Folio and NXT products facilitate the management of online content.

According to Rocket Software CEO Andy Youniss, "We are pleased that Microsoft selected us to take over the development, service, and support for all Folio and NXT customers. This is a great fit for Rocket, and we look forward to working with the customers to provide the features and functions they need to be successful with their investment in the products."

"We are very excited that Rocket has acquired the Folio and NXT products. Rocket is well-positioned to offer top notch service and support to the Folio and NXT customers and partners," said FAST CEO and Microsoft Distinguished Engineer Bjørn Olstad.

Rocket will be hosting a webinar on December 9, 2009 for existing and previous Folio and NXT customers. To sign up for this webinar, go to www.rocketsoftware.com/category/publishing. Also, go to www.rocketsoftware.com/category/publishing to sign up for a Rocket Software Customer Portal account.

About Rocket Software

Rocket Software (www.rocketsoftware.com) is a global software development firm that builds and services Enterprise Infrastructure products for the world’s leading OEMs, networks and software companies and enterprises. The company’s current lines of business complement and extend strategic OEM offerings in the areas of database, business intelligence, storage, networks and telecom, terminal emulation and FTP, integration, modernization and SOA, and security. Rocket is engaged in business and technology partnerships with IBM, EMC/RSA, HP/EDS, Nortel, Motorola, and many others. Rocket Software is based in Newton, Massachusetts.

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