Soamai

In 1986, after a brief retirement from a prior successful software venture, Arthur L. Allen founded Allen Systems Group (ASG) with just $2,000 and a line of credit. The company began by marketing a performance-monitoring product for databases. Based in Naples, Florida, ASG provided enterprise information and IT systems management services. The company's playbook involved aggressive growth through acquisitions, completing over 60 by 2012. Key purchases included Viasoft in 2000 and Landmark Systems in 2002, which added significant performance management capabilities to its portfolio. This strategy built ASG into a company with major clients like Coca-Cola and General Electric. However, the company faced financial hardship and filed for bankruptcy in 2015, unable to service its debt. It emerged quickly under new ownership led by KKR and Evergreen Coast Capital, rebranding as ASG Technologies. This marked a new chapter, focusing on stability and a more curated product portfolio. The final significant event came in 2021 when Rocket Software announced its acquisition of ASG Technologies. This move was aimed at expanding Rocket's portfolio by integrating ASG's expertise in data, content, and systems management.