Roper Technologies

Last updated
Roper Technologies, Inc.
FormerlyRoper Industries, Inc.
Company type Public
Industry Conglomerate
Founded1890;135 years ago (1890)
Headquarters Sarasota, Florida, U.S.
Key people
ProductsIndustrial technology, radio frequency (RF) technology, scientific and industrial imaging, energy systems and controls, and instrumentation
RevenueIncrease2.svg US$7.04 billion (2024)
Increase2.svgUS$1.99 billion (2024)
Increase2.svgUS$1.55 billion (2024)
Total assets Increase2.svgUS$31.3 billion (2024)
Total equity Increase2.svgUS$18.9 billion (2024)
Number of employees
18,200 (2024)
Subsidiaries DAT Solutions
Website www.ropertech.com
Footnotes /references
[1]

Roper Technologies, Inc. is a holding company that owns companies in the technology sector.

Contents

The company operates three divisions: Application Software (55% of 2024 revenues), which includes Aderant, Clinisys, Data Innovations, Deltek, Frontline, IntelliTrans, PowerPlan, Procare, Strata, Transact/CBORD, and Vertafore; Network Software (21% of 2024 revenues), which includes ConstructConnect, DAT Solutions, The Foundry Visionmongers, iPipeline, iTradeNetwork, Loadlink, MHA, SHP, and SoftWriters; and Technology Enabled Products (24% of 2024 revenues), which includes CIVCO Medical Solutions, FMI, Inovonics, IPA, Neptune, Northern Digital, rf IDEAS, and Verathon. [1]

History

George D. Roper founded the company in 1890 as a manufacturer of home appliances, pumps, and other industrial products. He had part ownership of the Van Wie Gas Stove Company of Cleveland. The Van Wie plant moved to Rockford, Illinois and passed into the hands trustees in the early 1890s. George D. Roper became the sole owner of the Van Wie Gas Stove company after the company's debts had been paid off on September 1, 1894. Ten days later, a fire destroyed the facility. The factory was rebuilt and renamed as the Eclipse Gas Stove Company, and later expanded in 1906 to include the Trahern Pump Company, founded in 1857. [2]

In 1957, Roper sold his stove business to Florence Stove Co. of Kankakee, Illinois. The stoves continued to operate under the name George D. Roper, despite the original company changing its name to Roper Pump Company. [2]

In 1966, Roper acquired David Bradley Manufacturing Works from Sears Canada. [3]

In 1981, Dexter Corporation acquired the company. [4]

In 1982, Roper moved his appliance production factory (originally Florence Stove Company) from Kankakee, Illionois to a plant in LaFayette, Georgia. The Kankakee factory was razed in 2016. [5]

In 1988, Electrolux purchased Roper's lawn and garden products division. [6]

In 1989, Whirlpool Corporation acquired the Roper brand. [7]

In 1992, the company once again became a public company via an initial public offering. [8]

Between 2001 and 2018, Brian Jellison, a former executive of General Electric and Ingersoll-Rand, served as CEO. [9]

In April 2015, Roper Industries Inc. changed its corporate name to Roper Technologies, Inc. [10]

Acquisitions

#YearCompanyPriceDescription of AssetsRef(s).
1July 2012 Sunquest Information Systems $1.42 billionDiagnostic and laboratory software [11]
2October 2016ConstructConnect$632 millionSoftware for the commercial construction industry [12]
3December 2016 Deltek $2.8 billionEnterprise software for project-based businesses [13]
4August 2020Vertafore$5.35 billionSoftware for the property and casualty insurance industry [14]
5October 2022Frontline Education$3.725 billionAdministration software for educators in K-12 [15]
6August 2023Syntellis Performance Solutions$1.25 billion Business performance management software, data, and intelligence [16]
7August 2024Transact Campus$1.5 billionTechnology services for improving campus life [17]

References

  1. 1 2 "Roper Technologies, Inc. 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 24, 2025.
  2. 1 2 "Roper Pumps" (PDF).
  3. ↑ "David Bradley Tractors". Gas Engine Magazine. November 1, 2001.
  4. ↑ Hammer, Alexander R. (December 22, 1981). "Stocks Down Slightly on Rate Worries" . The New York Times .
  5. ↑ "Kankakee factory razed". The State Journal-Register . Associated Press. March 4, 2016.
  6. ↑ "COMPANY NEWS; U.S. Expansion For Electrolux" . The New York Times . Reuters. November 12, 1988.
  7. ↑ "Rival Pulls Out; GE Unopposed in Bid for Roper" . Los Angeles Times . Associated Press. April 2, 1988.
  8. ↑ "Roper Industries, Inc". Encyclopedia.com .
  9. ↑ "Longtime Roper CEO Brian Jellison dies at 73". Sarasota Herald-Tribune . November 5, 2018.
  10. ↑ "Roper Industries Announces Name Change to Roper Technologies" (Press release). PR Newswire. April 24, 2015.
  11. ↑ Rusli, Evelyn M. (July 30, 2012). "Roper Industries to Buy Sunquest Information Systems for $1.4 Billion". The New York Times .
  12. ↑ "Roper Technologies to Acquire ConstructConnect, Leading Provider of SaaS Solutions for the Commercial Construction Industry" (Press release). PR Newswire. October 31, 2016.
  13. ↑ Bach, James (December 6, 2016). "Herndon-based Deltek to be acquired for $2.8B" . American City Business Journals .
  14. ↑ Hussain, Noor Zainab; Rana, Akanksha (August 13, 2020). D'Silva, Anil (ed.). "Roper Technologies to buy Vertafore for $5.35 billion". Reuters .
  15. ↑ "Thoma Bravo Completes Sale of Frontline Education to Roper Technologies" (Press release). PR Newswire. October 4, 2022.
  16. ↑ "Thoma Bravo and Madison Dearborn Partners Sell Syntellis Performance Solutions to Roper Technologies" (Press release). Thoma Bravo. August 8, 2023.
  17. ↑ Kachwala, Zaheer (August 15, 2024). "Roper to buy Transact Campus for $1.5 bln to grow education business". Reuters .
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.