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Roper Industries Announces Name Change to Roper Technologies
Sarasota, Florida, April 24, 2015 ... Roper Industries, Inc. (NYSE: ROP) announced today that it has changed its corporate name to Roper Technologies, Inc. to reflect its continued evolution as a diversified technology company.
“The emergence of Roper Technologies highlights our evolution over several years,” said Brian Jellison, Chairman, President and CEO of Roper Technologies, Inc. “Our strategy remains consistent: niche-focused, asset-light business with leading-edge technologies led by terrific operating leaders that create significant free cash flow to enable further investments for growth. The consistent execution of this strategy has transformed our company into a technology leader across many high-value end markets.”
“Since the beginning of 2010, we have deployed over $4 billion to acquire technology-focused businesses, including medical software, information networks, medical products and SaaS-based trading solutions,” continued Mr. Jellison. “The Roper Technologies name reflects our existing family of high-performing businesses and also points to a future of great opportunities.”
Shares of the company are expected to begin trading under its new name effective as of the market open on April 29, 2015. The company’s stock ticker symbol will remain “ROP.”
The company’s website is now located at www.ropertech.com.
About Roper Technologies
Roper Technologies is a diversified technology company and is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper provides engineered products and solutions for global niche markets, including software information networks, medical, water, energy, and transportation. Additional information about Roper is available on the company’s website at www.ropertech.com.
The information provided in this press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth, profit and cash flow expectations. Forward-looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes," "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward-looking statement. Such risks and uncertainties include our ability to integrate acquisitions and realize expected synergies. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions, changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, difficulties in making and integrating acquisitions, risks associated with newly acquired businesses, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, environmental compliance costs and liabilities, risks and cost associated with asbestos related litigation, potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
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