Roper Technologies to buy Transact Campus for $1.5 billion (updated)

Roper Technologies

15/08/2024 13:49

(Adds background in paragraphs 2, 3)
       Aug 15 (Reuters) - Software services firm Roper
Technologies  ROP.O  said on Thursday it had agreed to buy
Transact Campus for $1.5 billion, strengthening its business
that serves higher education institutions and healthcare
facilities.
    The transaction is scheduled to close in the immediate
future, Roper said, and expects Transact to contribute around
$325 million of revenue in 2025. 
    Transact campus provides services like payment,
identification and commerce for improving campus life.
            
  

 (Reporting by Zaheer Kachwala in Bengaluru; Editing by Shinjini
Ganguli and Sriraj Kalluvila)
 ((Zaheer.Kachwala@thomsonreuters.com;))