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Roper Technologies, Inc. - ROP STOCK NEWS

Welcome to our dedicated page for Roper Technologies news (Ticker: ROP), a resource for investors and traders seeking the latest updates and insights on Roper Technologies stock.

Roper Technologies, Inc. (symbol: ROP) is a notable constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. This diversified technology company is renowned for designing and developing software solutions including Software-as-a-Service (SaaS) and licensed software, alongside engineered products and solutions. Roper caters to a wide array of markets such as healthcare, transportation, food, energy, water, education, and academic research, delivering impactful and innovative technological advancements globally.

The company operates through three main segments: Application Software, Network Software, and Technology Enabled Products. Roper follows a strategic approach of acquiring asset-light, cash-generative businesses and using excess cash for further acquisitions, ensuring continued growth and expansion.

A unique aspect of Roper's operational model is its highly decentralized structure. Portfolio company management teams are granted autonomy and accountability for key operational decisions, while a small, centralized team focuses on capital deployment, executive coaching, and reviewing strategic goals.

One of the company's noteworthy recent achievements is the acquisition of Procare Solutions, a leading provider of integrated child care center management software and payments processing. This acquisition, valued at $1.86 billion, underlines Roper's commitment to enhancing its software offerings and expanding into new markets. Procare Solutions supports over 37,000 child care centers in the US, providing a comprehensive product suite that meets the complex demands of its clientele.

Strategic collaborations and investments play a vital role in Roper's growth trajectory. The acquisition of Procare from Warburg Pincus, a prominent global growth investor, is expected to further amplify Roper's market position and drive innovation in child care management technology. This transaction is anticipated to close in the first quarter of 2024, subject to regulatory approvals and customary closing conditions.

Roper Technologies continues to strengthen its financial condition and expand its portfolio through carefully selected partnerships and acquisitions. For more details and the latest updates on Roper Technologies, visit their official website at www.ropertech.com.

News

Warburg Pincus and TA Associates Enter into an Agreement to Sell Procare Solutions to Roper Technologies

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Warburg Pincus sells Procare Solutions to Roper Technologies for $1.86 billion, reflecting Procare's leading position in child care management. Procare offers integrated child care center management software and payments processing, serving over 37,000 child care centers in the US. The transaction is expected to close in the first quarter of 2024.
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Roper Technologies to acquire Procare Solutions

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Roper Technologies, Inc. has announced the acquisition of Procare Solutions for a net purchase price of approximately $1.75 billion, including a $110 million tax benefit. Procare is a leading provider of cloud-based software for the management of early childhood education centers, with more than 37,000 childcare organizations utilizing its tools. The acquisition is expected to be accretive to Roper's 2024 free cash flow and 2025 adjusted DEPS, with Procare projected to deliver long-term mid-teens organic revenue growth. The transaction is anticipated to close later this quarter, subject to regulatory approval and customary closing conditions.
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Aderant Receives SOC 2 Examination Reports for vi by Aderant and Expert Sierra Platforms

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Aderant, a leading business management software provider for law firms, has successfully completed a SOC 2 Type II examination, earning the company the SOC 2 Type II Report with no exceptions noted for its vi by Aderant and Expert Sierra Saas platforms. The examination confirms Aderant's commitment to security, availability, and confidentiality, and its ongoing efforts to implement the latest advancements in data protection and security controls for its clients. The examination evaluated key areas including security, availability, and confidentiality, and was conducted by leading compliance assessor Schellman & Company, LLC. The SOC 2 Type II examination is tailored for businesses of all sizes, irrespective of industry and scale, and serves as confirmation that a company's infrastructure, software, personnel, data, policies, procedures, and operations have undergone comprehensive examinations and reviews.
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DAT strengthens leadership team with two key executive appointments, furthering its commitment to innovation and information security

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DAT Freight & Analytics introduces new leaders for its product and security organizations, including Jeff Clementz as Chief Product Officer and Erika Voss as Vice President of Information Security. Clementz brings 25 years of experience in managing networks and marketplaces, fraud, payments, and e-commerce platforms. Voss, with a Ph.D. in cybersecurity, previously held security and engineering leadership positions at Capital One, Salesforce, and Oracle. Both leaders are expected to bring innovative technology products and services to market and enhance DAT's security posture.
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iPipeline Announces Registration for Connections 2024 is Now Open: New Location, New Dates, One Awesome Conference

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iPipeline's Connections 2024 conference will be held on May 15-17, 2024, in Orlando, FL, featuring a keynote by Daymond John, an opening reception at SeaWorld, and over 50 educational sessions covering topics like AI, wealth tech trends, and more.
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Roper Technologies schedules fourth quarter 2023 financial results conference call

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Roper Technologies, Inc. (Nasdaq: ROP) will release its financial results for Q4 2023 on January 31, 2024, before the market opens. A conference call to discuss the results is scheduled for 8:00 AM ET on the same day. The call can be accessed via webcast or by dialing +1 844-750-4898 (US/Canada) or +1 412-317-5294, using confirmation number 10185260. Webcast information and conference call materials will be available in the Investors section of Roper’s website prior to the start of the call.
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DAT Truckload Volume Index: Freight volumes closed strong in November

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DAT Freight & Analytics (DAT) reports a post-Thanksgiving surge in truckload freight volumes for November, with the DAT Truckload Volume Index (TVI) falling for all three equipment types. The market remained flush with capacity, and load-to-truck ratios were at their lowest point for November since 2015. Van and reefer line-haul rates trended higher, while average spot rates were down year over year. Line-haul rates strengthened after five months of declines, but rates for contracted van and reefer freight declined for the third straight month.
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DAT 2024 Freight Focus report outlines the issues that will shape the year ahead

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DAT Freight & Analytics (DAT) presents the 2024 Freight Focus Report, highlighting the impact of soft pricing, unpredictable costs, and the growing threat of fraud and cybercrime on the freight industry. The report emphasizes the increasing use of market data and AI-driven analytics by shippers, brokers, and carriers to navigate the evolving business landscape. Key themes for 2024 include the dynamic approach to procurement, the role of freight brokers in strategic planning, the risk of poor data quality, and the expanding scope of AI and machine learning in reducing supply chain risk. The report also features insights from industry leaders and outlines top freight lanes and success factors for transportation decision-makers in the coming year.
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Aderant Unveils New Onyx Capabilities to Improve Client Terms Review Process

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Aderant (Ticker: ADRNT) unveils new Terms Review Workflow feature for Onyx, the AI-powered solution transforming OCG compliance for law firms. The feature empowers firms to mitigate risks, coordinate seamlessly, and ensure compliance, ultimately fostering successful client relationships and timely payments.
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AuguStar Life(SM) Selects iPipeline® to Help Strengthen its Digital Transformation Journey and Improve the Agent Experience

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iPipeline (Ticker: PIPE) announces a partnership with AuguStar Life to accelerate its digital transformation. The partnership will leverage iPipeline's innovative solutions to improve the agent experience and automate the application process. AuguStar Life's top-tier product, Virtus IUL II, is now available on iPipeline's intelligent digital e-Application solution, iGO®, and illustration solution, iSolve®.
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FAQ

What is the current stock price of Roper Technologies (ROP)?

The current stock price of Roper Technologies (ROP) is $554.26 as of November 21, 2024.

What is the market cap of Roper Technologies (ROP)?

The market cap of Roper Technologies (ROP) is approximately 59.0B.

What does Roper Technologies, Inc. specialize in?

Roper Technologies specializes in designing and developing software (SaaS and licensed) and engineered products for various markets including healthcare, transportation, and education.

What are the core business segments of Roper Technologies?

The core business segments of Roper Technologies are Application Software, Network Software, and Technology Enabled Products.

How does Roper Technologies approach business acquisitions?

Roper Technologies acquires asset-light, cash-generative businesses and deploys excess cash to acquire further portfolio companies, supporting growth and expansion.

What is unique about Roper Technologies' operational model?

Roper operates a highly decentralized model where portfolio company management teams have autonomy and accountability for key decisions, supported by a small, centralized team.

Can you provide details about Roper's recent acquisition?

Roper recently acquired Procare Solutions, a leading child care center management software provider, for $1.86 billion. This acquisition is set to close in Q1 2024.

Who are the strategic partners involved in the Procare acquisition?

Warburg Pincus, a global growth investor, and TA Associates, a private equity firm, were involved in the Procare acquisition by Roper Technologies.

Where can I find more information about Roper Technologies?

More information about Roper Technologies can be found on their official website at www.ropertech.com.

What markets does Roper Technologies serve?

Roper Technologies serves markets including healthcare, transportation, food, energy, water, education, and academic research.

How does Roper Technologies manage its portfolio companies?

Roper allows its portfolio company management teams to have operational autonomy while a centralized team oversees capital deployment and strategic goals.

What is the significance of Roper being part of major indices?

Being part of the S&P 500, Fortune 1000, and Russell 1000 indices highlights Roper Technologies' financial strength and market prominence.

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Roper Technologies, Inc.

Nasdaq:ROP

ROP Rankings

#240 Ranked by Market Cap
#1971 Ranked by Dividends

ROP Stock Data

59.02B
106.80M
0.4%
97.25%
1.24%
Software - Application
Industrial Instruments for Measurement, Display, and Control
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United States of America
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