All posts tagged: 1.25B

Syntellis, an enterprise performance management provider, sells for .25B

Syntellis, an enterprise performance management provider, sells for $1.25B

Roper Technologies, a lesser-known company that creates engineering products for niche markets, this morning announced that it acquired Syntellis Performance Solutions, a provider of enterprise performance management software, for $1.25 billion. The transaction includes a $135 million tax benefit, and will result in Syntellis’ performance management and data solutions being combined with Roper’s healthcare finance planning and decision support business, according to Roper president and CEO Neil Hunn. “The Syntellis transaction is another great example of Roper’s disciplined and process-driven acquisition approach,” Hunn said in a statement. “Syntellis is a fantastic business that meets all of our acquisition criteria, including niche market leadership, mission critical solutions, a high recurring revenue mix, strong customer retention, negative working capital and excellent cash conversion.” While not necessarily a household name, Syntellis is a spin-off of Kaufman Hall, the Chicago-based healthcare management consultancy. Syntellis became an independent company in 2020 with investment support from private equity firms Thoma Bravo and Madison Dearborn Partners. Over the past three years, the firms worked with Syntellis to grow the company’s products and …