Roper Technologies acquired PowerPlan, Inc. for $1.1 billion, a transaction completed in June 2018, structured as All-cash acquisition of 100% of PowerPlan's shares.
PowerPlan, Inc. operates in Application Software, is based in United States (Atlanta, Georgia). PowerPlan is a leading provider of financial and compliance management software for asset-intensive enterprises such as regulated utilities. Its solutions help large, capital-heavy organizations optimize financial performance, tax planning, and regulatory compliance across their fixed-asset portfolios. Roper announced the deal on May 21, 2018 and completed it on June 4, 2018.
Extends Roper's application-software portfolio with a mission-critical financial and compliance management platform serving asset-intensive industries, adding a recurring-revenue software business with strong retention and expansion within regulated utility and capital-intensive customers.
Advisory firms were not disclosed for this transaction.