Deltek Acquired by Roper Technologies
On December 6, 2016, Deltek announced that it will be acquired by Roper Technologies, a diversified technology company that is publicly traded on the New York Stock Exchange (NYSE:ROP). Roper had revenues of $3.6 billion in FY 2015 and has a market capitalization of over $18 billion. The company is a constituent of the S&P 500, Fortune 1000 and Russell 1000 Indexes. Roper’s acquisition of Deltek has closed, and Deltek is now part of the Roper family.
Roper focuses on acquiring market-leading companies and holding them for the long-term. In Deltek, Roper saw a company with an unwavering focus on project-based businesses, innovative products, a talented team, and an extraordinary group of customers. Given Roper’s long-term focus, Deltek now has a permanent home. Roper will provide Deltek with a strong foundation that we can rely on to deliver the solutions and expertise that companies count on to run their businesses. Roper is committed to aggressively investing in Deltek’s products and employees, and will look to our existing Management Team to lead our company into the future.
Below is a short FAQ that answers questions you may have about this acquisition. You can also read the respective press releases that Deltek and Roper issued today to learn more. As always, please reach out to us if you have any additional questions that you need answered personally.
Who is Roper Technologies?
Roper Technologies (NYSE:ROP) is a diversified technology company that owns a variety of distinct companies across a broad array of market sectors including software information networks, medical, water, energy, and transportation. Roper focuses on acquiring and holding well-run technology companies in global, specialized markets that have strong, sustainable growth potential. Roper is a constituent of the S&P 500, Fortune 1000 and Russell 1000 Indexes.
Why did Roper acquire Deltek?
Roper was attracted to Deltek because we fit extremely well into Roper’s philosophy of investing in companies that demonstrate a proven track record of revenue and profitability growth and have a leading position in specialized markets that have a lot of market potential. Given Deltek’s unique focus on project-based businesses, Roper saw Deltek as an attractive investment opportunity, with a great market opportunity, strong portfolio of products, a very talented global team, and amazing customers.
What is the status of the transaction?
This transaction has closed. Deltek is now part of the Roper family.
How will this acquisition change Deltek?
It won’t. Essential elements such as Deltek’s name, focus, brand, office locations, and global team will not change due to this acquisition. Roper’s intention to hold Deltek long-term and stay committed to our core strategy means that Deltek has a great foundation for the future.
What does this change mean for Deltek customers?
There will be no change from a customer perspective. The same products, services, support and commitment that you have come to expect from Deltek over the past 33 years will continue for the long-term. While Deltek’s owner has changed, our unwavering commitment to your success has not.
Will Deltek’s Management Team be changing?
No. One of the major reasons that Roper acquired Deltek is the strength and experience of Deltek’s entire global team. Roper searches for, acquires and holds top-performing companies that have excellent teams and a strong strategy to drive customer success. Roper is excited to partner with Deltek’s management team into the future.