SARASOTA, Fla., June 04, 2018 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (ROP), a diversified technology company, today announced that it has completed its previously announced acquisition of PowerPlan. The Company funded the transaction with its revolving credit facility and cash on hand. PowerPlan is a leading provider of software and solutions for asset-centric companies, enabling its customers to optimize their financial performance and achieve regulatory compliance.
“We are excited to officially welcome PowerPlan to the Roper family,” said Brian Jellison, Roper’s Chairman, President, and CEO. “PowerPlan is an outstanding company and enjoys clear leadership in its niche market with numerous growth opportunities and a strong financial profile.”
About Roper Technologies
Roper Technologies is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets. Additional information about Roper is available on the Company’s website at www.ropertech.com
PowerPlan software provides financial insight into how complex rules and regulations impact your organization – empowering you to make credible decisions that improve overall corporate performance. The integrated solution provides complete visibility starting with forecasting and monitoring to scenario planning and analytics while maintaining financial compliance. For more information, email firstname.lastname@example.org or visit www.powerplan.com.