M&A Deal Summary

Roper Technologies Acquires Data Innovations

On February 5, 2015, Roper Technologies acquired software company Data Innovations from Battery Ventures

Acquisition Highlights
  • This is Roper Technologies’ 6th transaction in the Software sector.
  • This is Roper Technologies’ 18th transaction in the United States.
  • This is Roper Technologies’ 1st transaction in Vermont.

M&A Deal Summary
Date 2015-02-05
Target Data Innovations
Sector Software
Buyer(s) Roper Technologies
Sellers(s) Battery Ventures
Deal Type Add-on Acquisition

Target

Data Innovations

South Burlington, Vermont, United States
website
Data Innovations LLC is a clinical and blood laboratory middleware company. Through more than 40 industry business partnerships and directly with laboratory end users, DI has installed over 6,500 middleware systems in 65 countries. The company’s Instrument Manager (IM) and Laboratory Production Manager (LPM) represent the most complete offerings in the market for pre-analytical, analytical, and post-analytical sample processing and non analytical tasks such as equipment maintenance. With a focus solely on laboratory data management and offices in the United States, Belgium, Brazil, China, France, and the United Kingdom, DI is the only middleware company with a true global scope.

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Buyer(S) 1

Buyer

Roper Technologies

Sarasota, Florida, United States

website

Category Company
Founded 1981
Sector Information Technology
Employees18,400
Revenue 5.4B USD (2022)
DESCRIPTION

Roper Technologies is a diversified technology company. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Roper Technologies was founded in 1981 and is based in Sarasota, Florida.

DEAL STATS #
Overall 21 of 36
Sector (Software) 6 of 14
Type (Add-on Acquisition) 21 of 36
State (Vermont) 1 of 1
Country (United States) 18 of 31
Year (2015) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 SoftWriters

Allison Park, Pennsylvania, United States

SoftWriters, Inc. is a software solution provider servicing pharmacies that provide care to long term post-acute care patients, assisted living residents, independent living residents, pharmacies servicing group homes, correctional facilities, specialty pharmacies, and pharmacies servicing 340B contracts.

Buy $450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 On Center Software

The Woodlands, Texas, United States

On Center Software, Inc. is a provider of technology solutions to construction industry professionals.

Buy -

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $20 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.

DEAL STATS #
Overall 32 of 59
Sector (Software) 12 of 22
Type (Add-on Acquisition) 14 of 31
State (Vermont) 1 of 1
Country (United States) 29 of 47
Year (2015) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Data Physics

San Jose, California, United States

Data Physics Corporation designs and manufactures test and measurement equipment and software for acoustic testing, machinery diagnostics, shock and drop testing, structural vibration testing, and shaker testing applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-06 Enviance

Carlsbad, California, United States

Enviance is a provider of cloud-based environmental, health and safety (EHS) software, leveraging cloud computing technology to deliver its platform online in real-time—anytime, anywhere and enterprise-wide.

Buy -
Mergr

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