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Roper Technologies Completes $2.8B Deltek Buy

Sarasota, Florida-based industrial and technology conglomerate Roper Technologies  (NYSE: ROP) has wrapped up its acquisition of Deltek for $2.8 billion.

Roper completed the transaction three weeks after it agreed to purchase Deltek from private equity firm Thoma Bravo.

Roper said Wednesday it funded the deal with cash on hand, funds under its credit facility and proceeds obtained from a recent notes offering.

Herndon, Virginia-based Deltek became a privately held firm after it was acquired by Thoma Bravo for $1.1 billion cash in 2012.

Deltek works to provide software and information platforms to approximately 22, 000 organizations that include government contractors and professional services firms in more than 80 countries worldwide.

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