Roper Technologies Acquires Syntellis Performance Solutions
Summary
Roper Technologies (Nasdaq: ROP), acquired Syntellis Performance Solutions, a Chicago, IL-based provider of cloud-based performance management and data solutions for healthcare, financial institutions, and higher education, for a net purchase price of $1.25 Billion, including a $135M tax benefit resulting from the transaction. The transaction closed on August 7, 2023 and Roper funded the acquisition using its cash on hand and revolving credit facility. These solutions help finance professionals elevate performance by acquiring insights, accelerating decisions, and advancing their business plans. Led by CEO and President Neil Hunn, Roper operates businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets, by utilizing a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Its StrataJazz® application is a single integrated software-as-a-service platform that includes modules for financial planning, decision support and performance management.