Roper Technologies

Roper Technologies, Inc. designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations. 

The Company operate businesses that design and develop software, including both license and software-as-a-service (SaaS) and engineered products and solutions for a variety of markets. It provides cloud-based data, collaboration, and estimating automation software; electronic marketplace; visual effects and 3D content software; wireless sensor network and solutions; cloud-based software for the life insurance and financial services industries; supply chain software; health care service and software; RFID card readers; data analytics and information; and pharmacy software solutions. 

Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market-leading businesses that design and develop vertical software and technology-enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess free cash flow toward high-quality acquisitions.

The company was formerly known as Roper Industries, Inc. and changed its name to Roper Technologies, Inc. in April 2015. The company was incorporated in 1981 and is based in Sarasota, Florida.

George D. Roper founded the company in 1890, primarily as a manufacturer of home appliances, pumps, and other industrial products. . In 1906 George D. Roper acquires Trahern Pump Co. Next year, George D. Roper sold its stove business to The Florence Stove Co. of Kankakee, Il. It would continue to operate under the name George D. Roper. This would leave the other products with the original company changing its name to Roper Pump Company.

In 1966, George D. Roper entered the outdoor lawn equipment acquiring David Bradley Manufacturing Works from Sears. In 1981 Roper Pump Co. reorganized to Roper Industries. The next year, Roper moved its appliance production factory at 2207 W Station, Kankakee, IL to a LaFayette, Georgia plant. The Kankakee factory was razed in 2016. 

In 1988, a battle began as General Electric and Whirlpool fought to acquire Roper for its appliances and yard equipment. Whirlpool Corporation would acquire the Roper brand by the next year. Also in 1988, Electrolux purchased Roper's lawn and garden products, division. Roper initiated a corporate acquisition program, supported by an initial public offering in 1992. Roper was added to Husqvarna and Poulan/Weedeater divisions forming the new brand American Yard Products. 

In 2001, Brian Jellison, a former executive of General Electric and Ingersoll-Rand, joined Roper as chief executive officer. The previous holding company business strategy has been replaced with an operating company model. This year as well, Roper completed acquisitions accounting for over half of its revenues, establishing the company in global growth markets, such as radio frequency identification and water.

Roper acquired Sunquest Information Systems, a maker of diagnostic and laboratory software for $1.42 billion in cash in 2012. April 24, 2015, Roper Industries Inc. changed its corporate name to Roper Technologies, Inc. Brian Jellison died on November 2, 2018, after a brief illness. In August 2020, Roper has agreed to acquire Vertafore, an insurance software maker, in a cash transaction valued at approximately $5.35 billion. In August 2022, Roper entered an agreement to acquire Frontline Education for 3.725 billion dollars.

“Operate market-leading businesses that design and develop vertical software and technology-enabled products for a variety of defensible niche markets.”

“Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess free cash flow toward high-quality acquisitions.”