Davis Polk is advising Roper Technologies, Inc. on its $1.625 billion acquisition of iPipeline Holdings, Inc. The transaction is expected to close in the third quarter of this year, subject to regulatory approval and customary closing conditions.

Roper is a leading diversified technology company that operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets. iPipeline is a leading provider of cloud-based software solutions for the life insurance and financial services industries. iPipeline’s innovative solutions include pre-sales support, new business and underwriting, policy administration, point-of-sale execution of applications, post-sale support, data analysis, reporting, user-driven configuration, consumer delivery and self-service and agency and firm management.

The Davis Polk corporate team includes partner John D. Amorosi and associates W. Soren Kreider IV and Jamie Kurtz. Partner Rachel D. Kleinberg and associates Dao Fu and Anna Parnes are providing tax advice. Counsel David Mollo-Christensen and associate Kathleen Ginder are providing executive compensation advice. Partner Pritesh P. Shah and associate Michael V. Policastro are providing intellectual property and technology advice. Members of the Davis Polk team are based in the New York and Northern California offices.