Roper Technologies

“deploying $3.3 billion towards high-quality vertical software acquisitions during the year, highlighted by Central Reach, SubSplash, and several tuck-in acquisitions.”

Roper acquired SubSplash as a 2025 platform deal expected to turn organic-accretive in the second half of 2026, a positive read-through on the acquired business.

“deploying $3.3 billion towards high-quality vertical software acquisitions during the year, highlighted by Central Reach, SubSplash, and several tuck-in acquisitions.”

Roper acquired Central Reach as a 2025 platform deal; management later notes it is ahead of the deal model, a positive read-through on the acquired vertical-software franchise.

“we completed the acquisition of Orchard, a tuck-in acquisition for our Clinisys business. Orchard brings additional clinical laboratory capability to Clinisys”

Roper acquired Orchard as a clinical-laboratory tuck-in strengthening its Clinisys business in reference, physician-office and public-health labs.

“Convoy is an unusual transaction for us as it currently is not profitable, but we expect the financial returns over the next several years to be extremely attractive.”

Roper acquired Convoy (a freight-tech/ML asset) as a currently-unprofitable technology tuck-in to complete DAT's freight-automation strategy.

“Subsplash, our most recent acquisition that closed on July 25, is off to a great start, delivering financial results in line with our deal model expectations.”

Roper acquired Subsplash for $800M; early results are tracking to deal model, with traction in its Pulpit AI content offering.

“financial impacts associated with minority investments, including cash taxes paid resulting from the sale of our minority interest in Certinia.”

Roper sold its minority equity stake in Certinia (formerly FinancialForce) during the quarter, generating a taxable gain that factored into non-GAAP adjustments.

“In terms of investment highlights, the purchase price is $800 million. We expect Subsplash to deliver $115 million of revenue and $36 million of EBITDA for the 12 months ending Q3 of 2026.”

Roper announced the $800 million acquisition of Subsplash, a cloud-native church management and digital giving software provider serving 20,000 faith-based organizations, expected to deliver $115 million of revenue and $36 million of EBITDA.

“This was a business that was owned by Incyte”

Roper's newly acquired CentralReach was previously owned by biotech Incyte, which sold the ABA-therapy software business to Roper for $1.65 billion net of a tax benefit.

“We partnered with PE firm [Haveli] (ph) to execute on a successful first chapter of a value creation plan.”

Roper partnered with private equity firm Haveli on the value-creation plan for its Certinia minority investment prior to exiting the position.

“Additionally, we exited our minority position in Certinia this quarter. As a reminder, Certinia is a professional services automation software company.”

Roper exited its minority investment in Certinia (professional services automation software) for $246M, a 2x return over a 14-month hold — a successful investment exit, not an operating subsidiary.