Roper Technologies to make $1.65 billion acquisition

A Lakewood Ranch-based software and technology company is acquiring a software provider that specializes in services for those with autism and intellectual and developmental disabilities. Roper Technologies will buy CentralReach from global software investor Insight Partners for $1.65 billion, including a $200 million tax benefit resulting from the transaction, according to a March 24 statement. 

Roper Technologies, which posted $7.04 billion in revenue in 2024, expects Fort Lauderdale-based CentralReach to contribute about $175 million in revenue for the 12 months ending June 30, 2026, the statement says. Central Reach is projected to deliver more than 20% organic revenue and EBIDTA growth annually.

“CentralReach is a fantastic business with clear niche market leadership, mission critical and high ROI solutions, a high recurring revenue mix and outstanding customer retention, which leads to strong organic revenue growth and excellent cash conversion,” Roper President and CEO Neil Hunn says in the statement. 

More than 200,000 professionals use CentralReach’s software, which provides an electronic medical records platform as well as administration of applied behavior analysis therapy. Since serving 20,000 professionals in 2018, CentralReach attributes its growth in part to 14 strategic acquisitions as well as investments in product development and customer operations by New York-based Insight Partners, according to the statement.

“Since our investment in 2018, we recognized the company’s immense potential — not only to become a market leader but also to empower providers and educators in unlocking potential for millions of individuals on the spectrum,” Insight Partners Managing Director Richard Wells says in a statement. “We are excited to see the company continue its growth and expanding its impact, now with the added strength of Roper.” 

As part of the deal with Roper, CentralReach will continue to operate independently, maintaining its existing leadership, team, products, brands and mission.

The acquisition is expected to close in April or May and will be funded using Roper’s revolving credit facility, according to the statement.

Last year, Roper reports it invested $3.6 billion in "high-quality, vertical software acquisitions," including $1.75 billion for early childhood education software company Procare Solutions and $1.5 billion for campus technology company Transact Campus.