Vertafore to be Acquired By Roper Technologies
Vertafore, a leader in modern insurance technology, announced that it will be acquired by Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company. Roper will acquire Vertafore from Bain Capital Private Equity and Vista Equity Partners with the acquisition expected to close in the third quarter, subject to regulatory approval and customary closing conditions. More information is available in this Press Release.
“In Roper we have found a partner who shares both our vision and our values,” said Vertafore Chief Executive Officer Amy Zupon.
Roper is a diversified technology company, operating approximately 45 independent businesses that design and develop software and engineered products for a variety of niche end markets. “Roper’s investment in Vertafore is recognition of our work to provide innovative and critical solutions to our customers, as well as the relationships we’ve built together over that time,” said Zupon in a statement. Zupon will continue as CEO of Vertafore.