Roper Technologies to buy software firm Deltek in $2.8 billion deal

Reuters News
Posted: Dec 06, 2016 7:14 AM

(Reuters) - IT service provider Roper Technologies Inc said it would buy business software provider Deltek [THBVOK.UL] from private equity firm Thoma Bravo in a cash deal valued at $2.8 billion.

Roper expects Deltek to generate $535 million of revenue in 2017 and the deal to add to its cash flow.

Reuters had reported in July that Thoma Bravo was exploring a sale of Deltek.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Savio D'Souza)