Roper is a diversified technology company engaging in the designing and development of software and engineered products and solutions for a number of niche end markets. The company operates through application software (~29% of 2019 TTM revenues), network software & systems (27%), measurement & analytical solutions (31%) and process technologies (12%) segments.
The company operates 45 independent businesses and maintains a leading position in most of the markets it serves, given the technical sophistication of its products, its applications expertise, and its distribution and service capabilities. Roper has a large global presence, with international sales totaling $1.5 billion in 2018.
The company serves a wide range of industries in the residential, commercial and industrial markets through direct sales offices, manufacturers’ representatives, distributors and resellers. Roper has an asset-light and highly scalable business model and benefits from recurring revenues. The company is growing organically and through acquisitions. It focuses on acquiring companies that generate excess free cash flow for future capital deployment.