View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 27, 2010

Roper Industries to buy iTradeNetwork in $525m deal

Expects to add scale in pursuing acquisitions in software offerings space

By CBR Staff Writer

Roper Industries has agreed to acquire iTradeNetwork, a provider of trading network and business intelligence offerings to the food industry, from technology-focused private equity investment firm Accel-KKR, in a $525m all-cash transaction.

Roper, which provides engineered products used in water, energy, radio frequency and research/medical applications, said that iTradeNetwork is an "excellent addition" to its SaaS businesses and complements its software services platforms built with CBORD/Horizon and Freight Matching businesses.

Headquartered in Pleasanton, California, iTradeNetwork’s offerings serve over 6,200 customers transacting over $250bn annually. The company’s offerings allow distributors, manufacturers, operators and retailers to reduce supply chain costs.

Roper said that this acquisition gives them additional scale to pursue acquisitions in the software offerings space. iTradeNetwork’s management team, under the leadership of Rob Bonavito, will continue to lead the business as part of Roper.

Brian Jellison, chairman, president and CEO of Roper, said: "Importantly, the transaction meets all of our acquisition criteria. iTradeNetwork operates a unique platform that generates significant cash flow and has low working capital requirements.

"Because of the considerable value the company creates for its participants, 97% of revenue is recurring in nature with long-term, subscription-based contracts that historically have had a 99% renewal rate."

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU