Roper Technologies Acquires Syntellis Performance Solutions in $1.4 Billion Deal


Roper Technologies, a diversified technology company based in Sarasota, Florida, has completed the acquisition of Syntellis Performance Solutions. This provider of enterprise-performance-management software, data, and intelligence solutions was previously owned by private-equity firms Madison Dearborn Partners and Thoma Bravo.

The deal, valued at $1.4 billion, includes a net purchase price of $1.25 billion. What’s more, Roper will benefit from a $135 million tax advantage resulting from the transaction.

With the acquisition, Roper aims to integrate Syntellis with its own Strata Decision Technology business. This move will strengthen Roper’s position in the market by combining cloud-based performance management and data solutions for sectors such as healthcare, financial institutions, and higher education.

Roper anticipates that Syntellis will generate approximately $185 million in revenue in the next year. To fund the acquisition, Roper utilized both cash reserves and its revolving credit facility.

It is worth mentioning that Madison Dearborn and Thoma Bravo became stakeholders in Syntellis after the company’s separation from consulting firm Kaufman Hall in August 2020.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

Abrdn Reports Narrower Loss for H1 2023

Next Post

Mounting Worries for China’s Real Estate Sector and Trade Data Add to Stock Market Concerns

Related Posts