Roper Technologies, Inc.

Type	Public company
Traded as	Nasdaq: ROP Nasdaq-100 component S&P 500 component
Industry	Conglomerate
Founded	1890 (1890)
Headquarters	Sarasota, Florida, U.S.
Key people	Neil Hunn (President and CEO)
Products	Industrial technology, radio frequency (RF) technology, scientific and industrial imaging, energy systems and controls, and instrumentation
Revenue	5,371,800,000 United States dollar (2022)
Operating income	1,524,500,000 United States dollar (2022)
Net income	4,544,700,000 United States dollar (2022)
Number of employees	18,400[1] (2021)
Website	www.ropertech.com

Headquartered in Sarasota, Florida, Roper Technologies, Inc. (formerly Roper Industries, Inc.)^[2] is an American diversified industrial company that produces engineered products for global markets.

History

George D. Roper founded the company in 1890, primarily as a manufacturer of home appliances, pumps, and other industrial products. He entered into part ownership in the Van Wie Gas Stove Company of Cleveland, Ohio. The Van Wie plant moved to Rockford Illinois and passed into trusteeship in the early 1890s. George D. Roper became sole owner of the Van Wie Gas Stove company after the company's debts were paid off on September 1, 1894. A fire completely destroyed the facilities ten days later. The factory was rebuilt and named the Eclipse Gas Stove Company, and later expanded to include the Trahern Pump Company, founded in 1857 and acquired in 1906.^[3]

In 1957 George D. Roper sold its stove business to The Florence Stove Co. of Kankakee, Il. It would continue to operate under the name George D. Roper. This would leave the other products with the original company changing its name to Roper Pump Company.^[4][3] In 1966, George D. Roper entered the outdoor lawn equipment acquiring David Bradley Manufacturing Works from Sears.^[5]

In 1981 Roper Pump Co. reorganized to Roper Industries.^[6]

In 1982, Roper moved its (originally Florence Stove Company) appliance production factory at 2207 W Station, Kankakee, IL to a LaFayette, Georgia plant. The Kankakee factory was razed in 2016.^[7] In 1988, Electrolux purchased Roper's lawn and garden products division. Roper was added to Husqvarna and Poulan/Weedeater divisions forming the new brand American Yard Products.^[8] In 1989, Whirlpool Corporation acquired the Roper brand.^[9]

Roper initiated a corporate acquisition program, supported by an initial public offering, in 1992. Between 2001 and 2018, Brian Jellison, a former executive of General Electric and Ingersoll-Rand, served as chief executive officer.^[10] On April 24, 2015 Roper Industries Inc. changed its corporate name to Roper Technologies, Inc.^[11]

In August 2023, it was announced Roper Technologies had acquired the Chicago-headquartered cloud-based performance management and data solutions company, Syntellis Performance Solutions for $1.25 billion.^[12]

Subsidiaries

DAT Solutions offers freight load boards products. The underlying framework is the DAT Network, an electronic freight posting service, acquired in 2001 from the Jubitz Corporation. DAT Solutions began as Dial-A-Truck, a load board operated at the Jubitz Truck Stop in Portland, Oregon.

IPA (Innovative Product Achievements, LLC)^[13] - IPA manufactures automated surgical scrub and linen dispensing equipment.

Manufacturing subsidiaries

• Compressor Controls Corporation (CCC)
• DAP Technologies
• Neptune Technology Group, Inc
• Roper Pump Co.
• Princeton Instruments
• Verathon, Inc.^[14]

Software subsidiaries

• The CBORD Group, Inc.^[15]
• The Foundry Visionmongers
• ConstructConnect^[16] ConstructConnect was acquired by Roper on October 31, 2016.^[17]
• Data Innovation
• Deltek^[18]
• Frontline Education^[19]
• iTradeNetwork
• Media Cybernetics
• Sunquest Information Systems^[20]
• Vertafore^[21]

References

External links

• Official website
• Business data for Roper Technologies, Inc.:
  • Google
  • SEC filings
  • Yahoo!