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Roper Technologies, Inc. is a diversified technology company that operates market-leading businesses focused on designing and developing vertical software and technology-enabled products for various niche markets. The company is structured into three main reportable segments: Application Software, Network Software, and Technology Enabled Products. Roper's strategy emphasizes sustainable growth through continuous improvement and strategic acquisitions, maintaining high margins and a mix of recurring revenue .
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Application Software - Develops and provides vertical software solutions for niche markets, including businesses like Aderant, CBORD, Clinisys, and Deltek, which contribute significantly to the company's operations.
- Aderant - Offers comprehensive legal practice management software.
- CBORD - Specializes in campus card systems and food service management solutions.
- Clinisys - Provides laboratory information management systems.
- Deltek - Delivers enterprise software and information solutions for project-based businesses.
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Technology Enabled Products - Designs and manufactures technology-enabled products, including businesses such as CIVCO Medical Solutions and Verathon, which enhance operational efficiency and effectiveness.
- CIVCO Medical Solutions - Produces medical devices and accessories for ultrasound and other imaging modalities.
- Verathon - Develops medical devices and software solutions for airway management and bladder volume measurement.
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Network Software - Offers network software solutions that facilitate connectivity and data management, featuring products from ConstructConnect, DAT, and Foundry.
- ConstructConnect - Provides construction project information and software solutions.
- DAT - Offers transportation and logistics software solutions.
- Foundry - Develops creative software for digital design, media, and entertainment industries.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
L. Neil Hunn ExecutiveBoard | President and CEO | Director at Deere & Company | Joined ROP in 2011. Became CEO in 2018. Previously EVP and COO. Led significant capital deployment and growth in medical technology and software businesses. | View Report → |
Jason P. Conley Executive | EVP and CFO | None | Joined ROP in 2006. Held roles including VP and Controller, Chief Accounting Officer, and CFO of a subsidiary. Became CFO in 2023. | |
John K. Stipancich Executive | EVP, General Counsel, and Corporate Secretary | None | Joined ROP in 2016. Promoted to EVP in 2018. Oversees legal, compliance, and corporate governance. Previously held leadership roles at Newell Brands and Evenflo. | |
Amy Woods Brinkley Board | Independent Chair of the Board | Founder of AWB Consulting, Director at TD Bank Group | Director since 2015. Became Chair in 2021. Former Chief Risk Officer at Bank of America. Extensive experience in risk management, governance, and executive advising. | |
Christopher Wright Board | Director | Director at GP Investments Limited, Honorary Fellow at Corpus Christi College, Oxford | Director since 1991. Expertise in private equity, technology, and global business. Former Chairman of Kestrel Partners. | |
Irene M. Esteves Board | Director | Director at KKR Real Estate Finance Trust and Spirit AeroSystems Holdings | Director since 2021. Former CFO of Time Warner Cable and Regions Financial. Extensive experience in finance and executive leadership. | |
John F. Murphy Board | Director | Director at LegalZoom.com and Pure Storage | Director since 2024. Former CFO of Adobe Inc. and Qualcomm. Expertise in finance, accounting, and technology. | |
Laura G. Thatcher Board | Director | None | Director since 2015. Chair of the Compensation Committee. Former executive compensation attorney at Alston & Bird LLP. Co-authored the Compensation Committee Handbook. | |
Richard F. Wallman Board | Director | Director at CECO Environmental, Charles River Laboratories, and SmileDirectClub | Director since 2007. Former CFO of Honeywell International. Expertise in finance, accounting, and governance. | |
Robert D. Johnson Board | Director | Chairman of Spirit AeroSystems Holdings, Director at Spirit Airlines | Director since 2005. Former CEO of Dubai Aerospace and Honeywell Aerospace. Expertise in aerospace, manufacturing, and global operations. | |
Shellye L. Archambeau Board | Director | Director at Okta, Inc. and Verizon Communications | Director since 2018. Former CEO of MetricStream. Expertise in cybersecurity, technology, and scaling businesses. | |
Thomas P. Joyce, Jr. Board | Director | None | Director since 2021. Former CEO of Danaher Corporation. Expertise in executive leadership, mergers and acquisitions, and global business strategy. |
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Given that organic revenue growth has been 4% for back-to-back quarters , what gives you confidence that growth will reaccelerate in Q4 and beyond, especially considering ongoing challenges in segments like Foundry and Freight Matching ?
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With the Foundry business expecting the impact of industry strikes to carry into next year and recovery not until 2025 , how are you mitigating the risks of prolonged underperformance in this segment, and what contingency plans do you have if the post-production pipelines take longer to recover?
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You mentioned leadership changes at Procare and Frontline to improve go-to-market capabilities and growth orientation ; can you elaborate on what drove these changes and what specific improvements you expect under the new leadership?
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Despite continued pressure in your Freight Matching businesses and expectations of stable but muted freight market conditions , what is your strategy to navigate these challenges, and how are you positioning DAT and Loadlink for future growth?
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Considering that Northern Digital declined as expected due to customer program timing and you anticipate recovery beginning in Q4 , what is your level of confidence in the timing of these customer programs, and are there any risks that could delay the anticipated rebound?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
RCP Vega Holdings, LLC (Transact Campus Inc.) | 2024 | Completed on August 20, 2024, for a purchase price of $1,607M (net) with a $100M tax benefit over 14 years; the acquisition boosts Roper’s campus technology and payment solutions by integrating Transact with its CBORD business. |
Genesis Ultimate Holding Co. (Procare Software) | 2024 | Completed on February 26, 2024, for $1,860M (net) with a $110M tax benefit over 13 years; it strategically expands Roper’s cloud-based software and integrated payment processing for early childhood education centers, with significant recorded goodwill and other intangibles. |
Replicon Inc. | 2023 | Completed on August 21, 2023, for $447.5M (net) including an $80M tax benefit over 15 years; this acquisition enhances Roper’s Deltek business by adding market-leading time-tracking and workforce management SaaS solutions expected to drive over $70M in revenue next year. |
Syntellis Parent, LLC | 2023 | Completed on August 7, 2023, for $1,381M (net) with a $135M tax benefit over 15 years; it expands Roper’s enterprise performance management and data solutions for healthcare and education markets, delivering rapid cost synergies and bolstering the Strata business. |
Promium, LLC | 2023 | Completed on May 2, 2023, for $16.5M; the acquisition of this laboratory information management system provider for environmental and water markets has been integrated into Roper’s CliniSys business with recognized goodwill and intangible assets. |
Frontline Education | 2022 | Completed on October 4, 2022, through an all-cash transaction valued at approximately $3.725B (net $3.375B after a $350M tax benefit); the acquisition delivers strong recurring revenue and robust cash flow in the K-12 education SaaS market. |
TIP Technologies Inc. & Common Sense Solutions Inc. | 2022 | Completed in Q3 2022 for an aggregate purchase price of $36.9M; these acquisitions have been integrated into Roper’s Deltek business, adding to its Application Software portfolio. |
viDesktop Inc. (viGlobal) | 2022 | Completed on August 19, 2022, for $286.5M; it adds comprehensive human resources management software solutions tailored for law firms to the Aderant business, enhancing Roper’s Application Software segment. |
MGA Systems Holdings, Inc. | 2022 | Completed on June 27, 2022, for $180.1M; this acquisition strengthens Roper’s offerings in purpose-built insurance software for managing general agents and is integrated into its Vertafore business. |
Common Cents Systems, Inc. (ApolloLIMS) | 2022 | Completed on April 6, 2022, for $25.5M; the acquisition bolsters Roper’s CliniSys business by enhancing its laboratory information management capabilities in toxicology and public health markets. |
Horizon Lab Systems, LLC | 2022 | Completed on January 3, 2022, for $49.8M; integrated into Roper’s CliniSys business, it strengthens lab management solutions across multiple sectors with $25.6M in goodwill and $23.3M in other identifiable intangibles recorded. |
Recent press releases and 8-K filings for ROP.
- Q1 2025 Financial Performance: Revenue grew 12% to $1.88B with solid EBITDA, healthy free cash flow margins, and organic revenue up 5% .
- Earnings Highlights: GAAP net earnings declined 13% to $331M, while adjusted net earnings increased 9% to $517M; Adjusted EBITDA climbed 9% to $740M with operating cash flow marginally down to $529M .
- CentralReach Acquisition: Completed at a net cost of $1.65B (net of a $200M tax benefit) on April 23, 2025, positioning the company for targeted 20% revenue & EBITDA growth .
- Full-Year Guidance Raised: Now expecting total revenue growth of approximately 12% and adjusted DEPS in the range $19.80 to $20.05 .
- Strong Balance Sheet: Maintained with over $5B in available capital for future acquisitions .