Transact Campus Inc., a Reverence Capital Partners Portfolio Company, Announces Sale to Roper Technologies, Inc. (NASDAQ: ROP) for $1.6bn
Transact Campus Inc., a leader in campus technology and payment solutions, has announced its sale to Roper Technologies, Inc. (NASDAQ: ROP) for $1.6 billion. The transaction, expected to close this quarter, will combine Transact with Roper's CBORD business. Nancy Langer, Transact's CEO, will lead the combined entity.
Reverence Capital Partners, which acquired Transact from Blackboard Inc. in 2019, will sell its majority stake to Roper. The deal aims to provide Transact customers with continued access to existing products and services while benefiting from a more scaled platform. William Blair acted as the exclusive financial advisor to Transact and Reverence, with Cooley LLP serving as legal counsel.
Transact Campus Inc., leader nella tecnologia per i campus e nelle soluzioni di pagamento, ha annunciato di aver venduto la sua attività a Roper Technologies, Inc. (NASDAQ: ROP) per $1,6 miliardi. La transazione, che dovrebbe concludersi questo trimestre, unirà Transact con il business CBORD di Roper. Nancy Langer, CEO di Transact, guiderà l'entità combinata.
Reverence Capital Partners, che ha acquisito Transact da Blackboard Inc. nel 2019, venderà la sua partecipazione di maggioranza a Roper. L'accordo mira a fornire ai clienti di Transact un accesso continuativo ai prodotti e ai servizi esistenti, beneficiando nel contempo di una piattaforma più scalabile. William Blair ha agito come consulente finanziario esclusivo per Transact e Reverence, con Cooley LLP che ha svolto il ruolo di consulente legale.
Transact Campus Inc., líder en tecnología de campus y soluciones de pago, ha anunciado su venta a Roper Technologies, Inc. (NASDAQ: ROP) por $1.6 mil millones. La transacción, que se espera cierre este trimestre, combinará a Transact con el negocio CBORD de Roper. Nancy Langer, CEO de Transact, liderará la entidad combinada.
Reverence Capital Partners, que adquirió Transact de Blackboard Inc. en 2019, venderá su participación mayoritaria a Roper. El acuerdo tiene como objetivo proporcionar a los clientes de Transact un acceso continuo a los productos y servicios existentes mientras se benefician de una plataforma más escalable. William Blair actuó como asesor financiero exclusivo para Transact y Reverence, con Cooley LLP como asesor legal.
Transact Campus Inc.는 캠퍼스 기술 및 결제 솔루션의 선두주자로서 Roper Technologies, Inc. (NASDAQ: ROP)에 $16억에 매각했다고 발표했습니다. 이번 거래는 이번 분기에 마감될 예정이며, Transact는 Roper의 CBORD 사업과 통합됩니다. Nancy Langer는 Transact의 CEO로서 통합체를 이끌게 됩니다.
Reverence Capital Partners는 2019년에 Blackboard Inc.로부터 Transact를 인수했으며, Roper에 majority 지분을 매각할 것입니다. 이 계약은 Transact 고객들에게 기존 제품 및 서비스에 대한 지속적인 접근을 제공하면서 더욱 확장된 플랫폼의 이점을 누릴 수 있도록 합니다. William Blair는 Transact 및 Reverence의 독점 재무 자문 역할을 했으며, Cooley LLP는 법률 자문 역할을 했습니다.
Transact Campus Inc., un leader dans la technologie des campus et les solutions de paiement, a annoncé sa vente à Roper Technologies, Inc. (NASDAQ: ROP) pour 1,6 milliard de dollars. La transaction, qui devrait se conclure ce trimestre, combinera Transact avec l'activité CBORD de Roper. Nancy Langer, PDG de Transact, dirigera l'entité combinée.
Reverence Capital Partners, qui a acquis Transact de Blackboard Inc. en 2019, va vendre sa participation majoritaire à Roper. L'accord vise à offrir aux clients de Transact un accès continu aux produits et services existants, tout en bénéficiant d'une plateforme plus étendue. William Blair a agi en tant que conseiller financier exclusif pour Transact et Reverence, tandis que Cooley LLP a servi de conseiller juridique.
Transact Campus Inc., ein führendes Unternehmen im Bereich Campus-Technologie und Zahlungslösungen, hat den Verkauf an Roper Technologies, Inc. (NASDAQ: ROP) für 1,6 Milliarden Dollar angekündigt. Die Transaktion, die voraussichtlich in diesem Quartal abgeschlossen wird, wird Transact mit dem CBORD-Geschäft von Roper zusammenführen. Nancy Langer, CEO von Transact, wird die kombinierte Einheit leiten.
Reverence Capital Partners, das Transact 2019 von Blackboard Inc. erwarb, wird seinen Mehrheitsanteil an Roper verkaufen. Der Deal zielt darauf ab, den Transact-Kunden weiterhin Zugang zu bestehenden Produkten und Dienstleistungen zu ermöglichen und gleichzeitig von einer größeren Plattform zu profitieren. William Blair war der exklusive Finanzberater von Transact und Reverence, während Cooley LLP als rechtlicher Berater fungierte.
- Acquisition by Roper Technologies for $1.6 billion
- Combination with CBORD business to create a more scaled platform
- Retention of Transact CEO Nancy Langer to lead the combined business
- Continuity of existing Transact products and services for customers
- None.
Insights
The $1.6 billion acquisition of Transact by Roper Technologies is a significant move in the campus technology sector. This deal values Transact at a premium, indicating Roper's confidence in the company's potential. The merger with CBORD suggests a strategy to create a dominant player in campus solutions, potentially leading to increased market share and operational synergies.
For Roper Technologies (NASDAQ: ROP), this acquisition aligns with their strategy of acquiring high-margin, asset-light businesses. It's likely to be accretive to Roper's earnings in the short term and could drive growth in their Application Software segment. Investors should watch for potential integration challenges and any impact on Roper's balance sheet, given the substantial purchase price.
This acquisition marks a significant consolidation in the campus technology market. By combining Transact with CBORD, Roper is creating a comprehensive campus management solution that spans access, security and payment systems. This integrated approach could provide a competitive edge, potentially disrupting the market and forcing competitors to adapt.
The retention of Transact's CEO to lead the combined entity suggests a focus on continuity and leveraging existing expertise. However, the tech industry will be watching closely for any product integration challenges or potential customer churn during the transition. The success of this merger could set a precedent for further consolidation in the education technology sector.
This acquisition reflects the growing importance of integrated campus management solutions in the education and healthcare sectors. The combined Transact-CBORD entity will be well-positioned to capitalize on the increasing demand for seamless, technology-driven campus experiences. This move could potentially accelerate market growth and innovation in this space.
Investors should note the timing of this deal, coming as educational institutions are increasingly focusing on digital transformation. The post-pandemic shift towards more technology-integrated campus environments could provide significant growth opportunities for the merged entity. However, it will be important to monitor how well the combined company can adapt to rapidly evolving customer needs and emerging technologies in this dynamic market.
Transact will be combined with Roper's CBORD business, a provider of access & security and campus commerce solutions for acute healthcare and senior living facilities, higher education institutions, and K-12 school districts. Transact CEO Nancy Langer will lead the combined business, while Transact customers will continue to utilize their existing Transact products and services.
As a part of the transaction, Reverence Capital Partners, which acquired Transact from Blackboard Inc. in 2019 and has since held a majority stake, will sell its stake to Roper.
"We are extremely excited for this next stage of our journey and look forward to continuing to provide best-in-class experience to our customer base, while also bringing to them the benefits of a more scaled platform," said Nancy Langer, CEO of Transact. "I also wanted to thank Reverence for their invaluable partnership over the past five years. Between standing up the business, building out the management team, and driving product investment that's led us to becoming a best-in-class institution, Reverence has been integral in getting us to where we are today."
"We are thrilled for Nancy and the Transact team in their partnership with Roper and CBORD, and want to thank them for all of their hard work and collaboration over the past five years," said Alex Chulack, Co-Founder and Partner of Reverence Capital Partners. "They have continuously proved to us why they are leaders in their industry and have been a pleasure to work with. We look forward to seeing their continued success and next stage of growth."
William Blair acted as exclusive financial advisor to Transact and Reverence, with Cooley LLP serving as legal counsel.
About Transact Campus
Transact Campus is a leader in innovative payment, campus ID, and commerce solutions for a connected campus. Transact's highly configurable, mobile-centric campus technology ecosystem simplifies the user experience across the full spectrum of campus life. Transact's offerings include integrated solutions for tuition and other student expense payments, multi-purpose campus IDs, and campus commerce. With a long-standing reputation in the education community, Transact proudly serves over 12 million users across more than 1,940 client institutions. Since inception, Transact has facilitated more than
About Reverence Capital Partners
Reverence Capital Partners is a private investment firm focused on three complementary strategies: (i) Financial Services-Focused Private Equity, (ii) Opportunistic, Structured Credit, and (iii) Real Estate Solutions. Today, Reverence manages in excess of
About Roper Technologies
Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. 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 capital toward high-quality acquisitions. Additional information about Roper is available on the Company's website at www.ropertech.com.
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SOURCE Transact Campus; Reverence Capital Partners
FAQ
What is the acquisition price for Transact Campus Inc. by Roper Technologies (ROP)?
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