Roper Technologies is a diversified technology company that operates market-leading businesses. The company designs and develops vertical software and technology-enabled products for various defensible niche markets. Roper pursues consistent and sustainable growth through continuous improvements in its businesses and strategic acquisitions. It competes in many defensible niche markets and is a market leader or a competitive alternative to the market leader in most of these markets.

• Employees: 16,800 (as of December 31, 2023)
• Geographic Footprint: Global presence with sales outside the U.S. totaling $873.4 million in 2023
• Headquarters: Sarasota, Florida
• Founded: December 17, 1981
• Revenue: $6.177 billion (FY2023)
• Key Subsidiaries/Brands: Aderant, CBORD, Clinisys, Deltek, Frontline, IntelliTrans, PowerPlan, Strata, Vertafore, ConstructConnect, DAT, Foundry, iPipeline, iTradeNetwork, Loadlink, MHA, SHP, SoftWriters, CIVCO Medical Solutions, FMI, Inovonics, IPA, Neptune, Northern Digital, rf IDEAS, Verathon

• CEO: L. Neil Hunn
• CFO: Jason P. Conley
• Board Chair: Amy Woods Brinkley
• Other Key Executives: John K. Stipancich (Executive Vice President, General Counsel and Corporate Secretary)

L. Neil Hunn has served as President and CEO since August 2018. Jason P. Conley has served as Executive Vice President and CFO since February 2023. John K. Stipancich has served as Executive Vice President, General Counsel and Corporate Secretary since 2018.

• Annual Revenue: $6.177 billion (FY2023)
• Net Income: $1.384 billion (FY2023)
• Total Assets: $28.167 billion (as of December 31, 2023)
• Employees: 16,800 (as of December 31, 2023)
• Key Financial Highlights: Organic revenue growth of 7.8%, net earnings from continuing operations of $1.368 billion

Roper offers a range of vertical software and technology-enabled products.

• Application Software: Includes solutions for law firms, campus management, diagnostic labs, government contractors, K-12 education, transportation, financial compliance, healthcare, and insurance.
• Network Software: Includes solutions for pre-construction, freight, life insurance, food supply chain, healthcare, and pharmacies.
• Technology Enabled Products: Includes accessories for ultrasound, fluid control, wireless sensors, surgical equipment, water meters, precision measurement systems, RFID card readers, and airway management devices.

Roper operates through three reportable segments:

• Application Software: $3.186 billion in net revenues (51.6% of total net revenues)
• Network Software: $1.439 billion in net revenues (23.3% of total net revenues)
• Technology Enabled Products: $1.551 billion in net revenues (25.1% of total net revenues)

Roper's strategy focuses on consistent and sustainable growth in revenue, earnings, and cash flow. Key initiatives include continuous improvement in existing businesses, strategic acquisitions, and maintaining a leading position in niche markets. The company aims to enhance its recurring revenue mix and higher margin profile.

• Strategic Initiatives: Focus on acquiring businesses that offer high-value software, services, and technology-enabled products.
• Growth Drivers: Leveraging applications expertise to create high-value products and solutions, and focusing on customer intimacy in niche markets.
• Investment Priorities: Deploying capital towards acquisitions and strategic bolt-ons to enhance market positions.

Roper operates in the diversified technology industry, competing in various niche markets. The company believes it is a leader in most of its markets. Competitors vary in size depending on the specific niche market. Roper competes primarily on product quality, performance, innovation, technology, price, applications expertise, system and service flexibility, distribution channel access, and customer service capabilities.

• Key Competitors: Competitors vary depending on the specific niche market.
• Industry Trends: The company's markets are influenced by technological advancements, market trends, and customer demands.

• Acquisition Risks: Difficulties in identifying suitable candidates, completing acquisitions, and integrating acquired businesses.
• Technology Risks: Failure to protect proprietary technology, leading to competitive disadvantage.
• Cybersecurity Risks: Failure to mitigate cybersecurity threats, leading to potential data breaches and operational disruptions.
• Indebtedness Risks: High levels of indebtedness may limit operational flexibility and future growth opportunities.
• Foreign Exchange Risks: Unfavorable changes in foreign exchange rates could harm the company's business.