Bulletin: Roper Technologies Inc.'s Acquisition Of Vertafore Is Consistent With Its Growth Strategy

NEW YORK (S&P Global Ratings) Aug. 13, 2020--S&P Global Ratings today said that Roper Technologies Inc. (BBB+/Stable) has agreed to acquire (Vertafore; Parent company rated B-/Stable/--) for $5.35 billion. Vertafore is a provider of software for the property and casualty (P&C) insurance industry. We believe this acquisition is consistent with Roper's growth strategy and should support Roper's strong and stable cash flow generation. The proposed acquisition would modestly improve Roper's business by increasing its scale and the scope of its operations in the software segment while also improve overall profitability. Vertafore, which has annual revenues of approximately $590 million and EBITDA of about $290 million, provides software and solutions that simplify and automate the complex P&C insurance lifecycle. More than

...August 13, 2020 NEW YORK (S&P Global Ratings) Aug. 13, 2020--S&P Global Ratings today said that Roper Technologies Inc. (###+/Stable) has agreed to acquire (Vertafore; Parent company rated B-/Stable/--) for $5.35 billion. Vertafore is a provider of software for the property and casualty (P&C) insurance industry. We believe this acquisition is consistent with Roper's growth strategy and should support Roper's strong and stable cash flow generation. The proposed acquisition would modestly improve Roper's business by increasing its scale and the scope of its operations in the software segment while also improve overall profitability. Vertafore, which has annual revenues of approximately $590 million and EBITDA of about $290 million, provides software and solutions that simplify and automate the complex P&C insurance lifecycle. More than 20,000 agencies, 1,000 carriers, and 23 state governments rely on Vertafore to streamline their workflows, improve efficiency, and drive productivity. While...

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