Roper Technologies Strengths, Domain Expertise, and Key Differentiators
Through the acquisition of iPipeline, Roper Technologies strategically extends its reach into service-oriented verticals, marking a notable shift from its traditional focus on asset-based verticals, primarily serving process and discrete manufacturers with industrial products. Functioning akin to a holding company, Roper has amassed a diverse portfolio of application products tailored for various industries, including insurance carriers, construction firms, advertising agencies, law practices, and several sub-verticals. The common thread across these acquisitions is the acquisition of software assets that yield robust recurring revenues.
Roper Technologies Recent Developments
Roper has undergone a significant strategic evolution, transitioning from its roots as an industrial manufacturer to a technology-focused entity. Through the acquisitions, Roper has strategically acquired ERP service operations management software assets tailored for various sectors, including professional services, healthcare, construction, and insurance.
Roper Technologies Mergers and acquisitions (M&A) Activities
In January 2024, Roper Technologies acquired Procare Solutions, a prominent provider of cloud-based software tailored for managing early childhood education centers. Under the agreement, Procare's existing management team will retain leadership of the company, operating from its headquarters in Denver, Colorado. Furthermore, the transaction will not prompt any alterations to Procare's name, brands, or office locations.
In August 2023, Roper Technologies disclosed its acquisition of Syntellis Performance Solutions, a prominent provider of cloud-based performance management and data solutions catering to healthcare, financial institutions, and higher education sectors. This acquisition will see Syntellis Performance Solutions integrated with Roper's Strata Decision Technology business, renowned for its provision of healthcare financial planning, decision support, and performance management solutions.
In August 2022, Roper Technologies acquired Frontline Education, a premier provider of school administration software. Frontline Education offers integrated solutions for human capital management, student and special programs, and business operations, complemented by robust analytics aimed at empowering educators.
Roper Technologies Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Roper Technologies applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Roper Technologies and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, Vertafore customers.
Roper Technologies Overview
Ownership: - NYSE:ROP
Number of Employees: 15800
Functional Market: Absence and Leave Management, Time and Attendance, Core HR, Payroll, Recruiting, Performance Management, Learning and Development, Compensation,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Roper Technologies Key Cloud and HCM Applications
Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, Vertafore
Roper Technologies HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Roper Technologies Revenue Breakdown by Type:
Roper Technologies HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Roper Technologies HCM Applications Revenues By Verticals, $M:
Roper Technologies Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Roper Technologies Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Roper Technologies Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Roper Technologies Customers
No. of Roper Technologies Customers: x
No. of Roper Technologies HCM Applications Customers: x
No. of Roper Technologies Cloud HCM Customers: x
No. of Roper Technologies Cloud HCM Subscribers: x
With each acquisition, Roper Technologies augments its customer portfolio by incorporating the clientele of the acquired company. Given the frequency of acquisitions, the resulting customer list is both extensive and diverse.
Roper Technologies Market Opportunities, M&A and Geo Expansions
In November 2022, Roper Technologies declared Jason Conley, currently serving as Roper’s Vice President and Chief Accounting Officer, as the successor to Rob Crisci in the position of Executive Vice President and Chief Financial Officer. Jason has played a pivotal role in the company's growth trajectory, contributing significantly to both organic and inorganic initiatives. Possessing extensive expertise in capital deployment, financial operations, and investor relations, Jason is exceptionally qualified to assume this critical role. His profound comprehension of our business strategy, structure, and corporate culture further underscores his suitability for this leadership position.
Roper Technologies Risks and Challenges
The company encounters general risk factors such as potential insolvency or financial distress among third parties, which could have adverse effects on its business and operational outcomes. Additionally, changes to the executive leadership team and potential departures of key members, leading to management transitions, pose risks to the company's operating performance. Legal proceedings in which the company is involved, or may become involved, could also have adverse consequences. Furthermore, a downgrade in the ratings of the company's debt may limit its access to debt capital markets and result in increased interest costs.
Roper Technologies Ecosystem, Partners, Resellers and SI
Implementing cross-selling and up-selling strategies across its diverse ecosystem poses a challenge. Given that individual software products within the Roper family are likely to maintain their existing partnering approach, the holding company has little incentive to devise a consolidated plan, particularly considering that its partners operate within distinct verticals.
Roper Technologies Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Roper Technologies Public Cloud and Infrastructure (IaaS)
- Roper Technologies Platform (PaaS)
- Roper Technologies Application Delivery
- Roper Technologies Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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