Leading positions in niche segments; Good customer, geographic, and product diversity; Above-average revenue growth and profitability; and Strong cash flow generation. Financial policies, especially those related to acquisitions; and Technology risks associated with the company's acquisitions. Standard&Poor's Rating Services' ratings on Sarasota, Fla.-based Roper Industries Inc., a diversified manufacturer of industrial products, reflect our view of the company's business risk profile as satisfactory. This profile is characterized by Roper's leading positions in profitable niche markets and its broad product, end-market, and geographic diversity. However, the company is acquisitive, which exposes it to credit risk. Roper has annual sales of more than $2 billion and provides engineered products and solutions for a diverse array of global niche markets. The
