Roper Technologies, Inc. (Roper), a diversified technology company, which designs and develops vertical software and technology-enabled products for a variety of defensible niche markets.
In 2024, the company deployed for the acquisition of Procare Software, LLC (Procare), a provider of Software-as-a-Service (‘SaaS’) solutions and integrated payment processing for early childhood education centers, and for the acquisition of Transact Campus, a provider of integrated campus technology and paymen...
Roper Technologies, Inc. (Roper), a diversified technology company, which designs and develops vertical software and technology-enabled products for a variety of defensible niche markets.
In 2024, the company deployed for the acquisition of Procare Software, LLC (Procare), a provider of Software-as-a-Service (‘SaaS’) solutions and integrated payment processing for early childhood education centers, and for the acquisition of Transact Campus, a provider of integrated campus technology and payment solutions serving higher education, healthcare, and business campuses, which was combined with the company's CBORD business.
Segments
The company operates through three segments: Application Software, Network Software, and Technology Enabled Products.
Application Software—Aderant, Clinisys, Data Innovations, Deltek, Frontline, IntelliTrans, PowerPlan, Procare, Strata, Transact/CBORD, Vertafore.
Network Software—ConstructConnect, DAT, Foundry, iPipeline, iTradeNetwork, Loadlink, MHA, SHP, SoftWriters.
Technology Enabled Products—CIVCO Medical Solutions, FMI, Inovonics, IPA, Neptune, Northern Digital, rf IDEAS, Verathon.
Application Software
The company's Application Software segment had net revenues for the year ended December 31, 2024, representing 55.0% of total net revenues. Below is a description of the products offered by businesses that comprise the Application Software segment:
Aderant – comprehensive management software solutions for law and other professional services firms, including business development, calendar/docket matter management, time and billing, and case management.
Clinisys – diagnostic and laboratory information management software solutions.
Data Innovations – software solutions that enable enterprise management of hospitals and independent laboratories.
Deltek – enterprise software and information solutions for government contractors, professional services firms, and other project-based businesses.
Frontline – K-12 school administration software, connecting solutions for human capital management, student and special programs, and business operations, with powerful analytics that empower educators.
IntelliTrans – transportation management software and services to bulk and break-bulk commodity producers.
PowerPlan – financial and compliance management software and solutions to complex companies in asset-intensive industries.
Procare – cloud-based software and integrated payment processing for the management of early childhood education centers.
Strata – cloud-based financial analytics, performance management software, and data solutions used by healthcare providers, higher education, and financial institutions for financial planning, decision support, and continuous improvement.
Transact/CBORD – integrated campus technology and payment solutions, including secure access and campus identity software, commerce solutions, tuition management software and payment processing, as well as foodservice technologies, serving higher education, healthcare, K-12, and business campuses.
Vertafore – cloud-based software for the property and casualty insurance industry, including agency and distribution management, compliance, workflow, and data solutions.
Network Software
The company's Network Software segment had net revenues for the year ended December 31, 2024, representing 21.0% of total net revenues. Below is a description of the products offered by businesses that comprise the Network Software segment:
ConstructConnect – cloud-based data, collaboration, and estimating automation software solutions focused on the pre-construction phase for a network of construction contractors and building product manufacturers/distributors.
DAT – electronic marketplaces that connect available capacity of trucking units with the available loads of freight throughout North America, and freight analytics solutions.
Foundry – software technologies used to deliver visual effects and 3D content for the entertainment and digital design industries.
iPipeline – cloud-based software solutions for the life insurance/annuities and financial services industries.
iTradeNetwork – electronic marketplaces and supply chain software that connect food suppliers, distributors, and vendors, primarily in the perishable food sector.
Loadlink – electronic marketplaces that connect available capacity of trucking units with the available loads of freight throughout Canada, and freight analytics solutions.
MHA – healthcare services and software solutions to alternate site healthcare markets.
SHP – data analytics and benchmarking information for the post-acute healthcare provider marketplace.
SoftWriters – software solutions to pharmacies that primarily serve the long-term care marketplace.
Technology Enabled Products
The company's Technology Enabled Products segment had net revenues for the year ended December 31, 2024, representing 24.0% of total net revenues. Below is a description of the products offered by businesses that comprise the Technology Enabled Products segment:
CIVCO Medical Solutions – accessories focused on guidance and infection control for ultrasound procedures.
FMI – dispensers and metering pumps, which are utilized in a broad range of applications requiring precision fluid control.
Inovonics – high-performance wireless sensor networks and solutions for a variety of applications.
IPA – automated surgical scrub and linen dispensing equipment for healthcare providers.
Neptune – water meters, enabling water utilities to remotely monitor their customers utilizing Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI) technologies, and cloud-based software supporting meter data management.
Northern Digital – optical and electromagnetic precision measurement systems for medical and industrial applications.
rf IDEAS – RFID card and credential readers used in numerous identity access management applications across a variety of vertical markets.
Verathon – medical devices that enable airway management, including bronchoscopes and video laryngoscopes, and bladder volume measurement solutions for healthcare providers.
Distribution and Sales
The company’s distribution and sales occur primarily through direct sales offices, manufacturers’ representatives, resellers, and distributors.
Governmental Regulations
The manufacture, sale, lease, and service of medical diagnostic and surgical devices intended for commercial use are subject to extensive governmental regulation by the Food and Drug Administration (‘FDA’) in the U.S., and by a variety of regulatory agencies in other countries for some of the company's businesses.
The company is also subject to a variety of federal, state, and foreign laws, which broadly relate to interactions with healthcare practitioners and other participants in the healthcare system, including, among others, anti-kickback law, and laws regulating the confidentiality of sensitive personal information and the circumstances under which such information may be released and/or collected, such as the Health Insurance Portability and Accountability Act of 1996, or HIPAA, the Health Information Technology for Economic and Clinical Health Act, or HITECH Act, and the GDPR.
The company is subject to the U.S. Foreign Corrupt Practices Act (FCPA) and anti-corruption laws, as well as similar laws in foreign countries, such as the UK Bribery Act.
The company's sales activities must comply with restrictions relating to the export of controlled technology and sales to denied or sanctioned parties contained in the U.S. Export Administration Regulations, the U.S. International Traffic in Arms Regulations (ITAR), and sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (OFAC).
Research, Development and Engineering
The company’s research, development, and engineering expenses totaled $748.1 for the year ended December 31, 2024.
History
The company was incorporated in 1981 under the laws of the state of Delaware. It was formerly known as Roper Industries, Inc. and changed its name to Roper Technologies, Inc. in 2015.