Roper Technologies acquired On Center Software, a transaction completed in July 2015, structured as Acquisition of 100% of the shares.
On Center Software operates in RF Technology, is based in United States. On Center Software provides construction automation technology, including digital takeoff, estimating, and project workflow tools for contractors and builders. Its software helps construction firms quantify materials, price bids, and manage labor productivity across projects. Roper acquired all of the company's equity and folded it into its network software operations.
Adds a recurring-revenue construction software business to Roper's RF Technology segment, strengthening its position in vertical-market application software for the construction and building trades.
Advisory firms were not disclosed for this transaction.