About This Deal

Roper Technologies acquired Deltek for approximately $2.8 billion, a transaction completed in December 2016, structured as all cash.

Deltek operates in Application Software (project-based), is based in Herndon, Virginia (serving 22,000 organizations in over 80 countries). Deltek is a leading global provider of software and information solutions for project-based businesses, serving niche markets including government contractors and professional services firms. Roper acquired Deltek to add a large, high-quality application software franchise with recurring revenue and strong cash flow. The all-cash transaction was valued at $2.8 billion and closed on December 28, 2016, funded through a notes offering, credit facility borrowings, and cash on hand.

Deal Terms

Acquirer
Roper Technologies
Target
Deltek
Value
Approximately $2.8 billion
Date
December 2016
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Herndon, Virginia (serving 22,000 organizations in over 80 countries)
Segment
Application Software (project-based)
Structure
All cash
Announced
December 6, 2016
Closed
December 27, 2016

In Their Words

We are excited to announce Deltek as our next great software business,&Brian Jellison

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗ · SEC filing ↗

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