Roper Technologies

Roper Technologies, Inc. (NYSE: ROP) is a diversified technology company that designs and develops software and engineered products for various niche markets. Founded in 1981 and headquartered in Sarasota, Florida, Roper has transformed from its industrial roots into a leading provider of software solutions across multiple industries. The company has a history of strategic acquisitions to expand its portfolio of technology-enabled businesses. Roper Technologies is a constituent of the S&P 500 index and had revenues of USD 6.18 billion in 2023.

Roper Technologies operates through three main segments: Application Software, Network Software & Systems, and Technology Enabled Products. Its key products and services include:

• Enterprise software for law firms and professional services (Aderant)

• Laboratory information management systems (CliniSys)

• School administration software (Frontline Education)

• Supply chain visibility solutions (IntelliTrans)

• Insurance and financial services software (iPipeline, Vertafore)

• Child care management software (Procare Solutions)

• healthcare financial analytics (Strata Decision Technology)

• Medical devices for bladder scanning and airway management (Verathon)

Roper Technologies has continued its strategic shift toward software businesses through acquisitions and divestitures. In August 2023, the company acquired Syntellis Performance Solutions, combining it with its existing Strata Decision Technology business. In January 2024, Roper announced the acquisition of Procare Solutions, a leading childcare software provider. The company has also divested several of its legacy industrial businesses, including the sale of a majority stake in its industrial segment to Clayton, Dubilier & Rice in 2022. For full-year 2024, Roper expects total revenue growth of 11-12% and organic revenue growth of 5-6%, with adjusted diluted earnings per share projected to be between USD 17.85 and USD 18.15.