Overview Key strengths Key risks Leading positions in niche markets with a strong brand name. Inorganic growth strategy focused on debt-funded acquisitions in technology that may face competition from private-equity buyers and high purchase multiples. Good portfolio management and an affinity for investing in asset-light and cash-generative businesses. Technology disruptions could render its portfolio of software products obsolete. High proportion of recurring revenue and aftermarket sales in its software-as-a-service (SaaS) and network business lines. Potential for high leverage to support larger debt-funded acquisitions. Over the past five years, Roper has spent an average of $2.8 billion on acquisitions annually. Most recently, Roper acquired Procare Solutions, a software provider for early childhood education centers, for $1.75 billion in January 2024 and