U.S.-based software provider and industrial and engineered products maker Roper Technologies Inc. is acquiring enterprise software application provider Deltek (B/WatchPos/--) Inc. from equity sponsor Thoma Bravo. We are affirming our ratings, including our 'BBB' corporate credit rating, on Roper. The positive outlook reflects our expectation for the continuation of Roper's strong profitability and anticipated strengthening of its credit measures during the next two years, despite the temporarily elevated debt leverage from the acquisition at present. On Dec. 6, 2016, S&P Global Ratings affirmed its 'BBB' corporate credit rating and all other ratings on Sarasota, Fl.-based Roper Technologies Inc. We expect the company to borrow on its revolver and to issue senior notes in order to fund the $2.8 billion purchase
