Roper Technologies $1.25 billion acquisition of Syntellis Performance Solutions
We advised Roper Technologies on the acquisition
Davis Polk advised Roper Technologies, Inc. on its acquisition of Syntellis Performance Solutions for a net purchase price of $1.25 billion, including a $135 million tax benefit resulting from the transaction. The transaction closed on August 7, 2023, and Roper funded the acquisition using its cash on hand and revolving credit facility.
Roper Technologies operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical and process-driven approach to redeploy its excess capital toward high-quality acquisitions.
Syntellis Performance Solutions provides innovative enterprise performance management software, data and intelligence solutions for healthcare, higher education and financial institutions.
The Davis Polk corporate team included partners John D. Amorosi and Darren M. Schweiger and associates Dmitriy Molchanov, Anna Sheu, Jonah Leider and Edwin P. Paillant. The tax team included partner Kara L. Mungovan and associate Dov Sussman. Partner Jennifer S. Conway and associate Justin Alexander Kasprisin provided executive compensation advice. All members of the Davis Polk team are based in the New York office.