Roper Technologies, Inc. ROP today announced that it has entered into a definitive agreement to
acquire Aderant Holdings, Inc., in a transaction valued at $675 million, net
of $20 million in cash tax benefits. Roper expects the acquisition to be
immediately cash accretive and to generate approximately $125 million of
revenue in 2016.
Aderant is a global provider of comprehensive business management software
for legal and other professional services firms. Aderant supports over
3,000 clients in more than 30 countries, representing 77 of the top 100
global law firms and more than 88 percent of the Am Law 200. The management
team, led by Chris Giglio, will continue to lead the business from its
Atlanta, Georgia headquarters. The business will continue to operate as
Aderant, marketing its software and services under current brand names.
"We are excited to acquire another leading application software business, "
said Brian Jellison, Roper's Chairman, President and CEO. "Aderant is the
technology leader in its niche market with a broad suite of software
solutions for law firms and a history of delivering value and high customer
satisfaction. We look forward to working with Chris and the leadership team
to continue to enhance the value of Aderant by expanding its client base and
continuing to deliver new and innovative products and services."
Completion of the transaction is expected within 30 days, subject to
regulatory approval and customary closing conditions.
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