Roper Industries Acquires Strata Decision Technology

Roper Technologies Acquires Syntellis Performance Solutions

August 8, 2023

Cloud & SaaS

Roper Technologies completed the acquisition of Syntellis Performance Solutions in an all-cash transaction for a net purchase price of $1.25 billion (enterprise value reported at $1.4 billion by sellers). Syntellis, a cloud-based enterprise performance management (EPM) software and data provider serving healthcare, higher education and financial institutions, will be combined with Roper's Strata Decision Technology business to expand product capabilities and market coverage.

VitalHub Acquires Strata Health Solutions

October 29, 2024

Healthcare Services

VitalHub Corp. has acquired Strata Health Solutions Inc., a Canada-based provider of patient flow and electronic referral software, for total up-front consideration of C$32.3 million plus potential performance-based consideration. The deal expands VitalHub’s healthcare software capabilities into the electronic referral and transitions-of-care market and adds Strata Health’s global customer footprint and recurring revenue base.

Open Systems Technologies Acquires Stratum Technology

January 28, 2022

IT Services

Open Systems Technologies (OST), a commercial IT subsidiary of Koniag, acquired Texas-based cloud service provider Stratum Technology. The acquisition expands OST's cloud and managed services capabilities—notably AWS and Microsoft Azure expertise—and strengthens its healthcare cloud practice for Epic implementations.

Syntellis Performance Solutions Acquires Stratasan

August 1, 2022

Data & Analytics

Syntellis Performance Solutions has completed its acquisition of Stratasan, a provider of advanced healthcare market intelligence and data analytics. The deal adds Stratasan's strategic growth and market-intelligence capabilities to Syntellis' enterprise performance management software and data solutions, strengthening Syntellis' ability to deliver integrated operational, financial and strategic planning tools for healthcare organizations.

Vervint (formerly OST) Acquires Stratum Technology

December 31, 2021

Cloud & SaaS

Vervint (formerly Open Systems Technologies/OST) acquired Texas-based cloud service provider Stratum Technology on December 31, 2021. The purchase expands Vervint’s cloud professional services and Azure/AWS managed services capabilities, adding Stratum’s architects, engineers and healthcare cloud (Epic) expertise to Vervint’s offerings.

CD&R to Acquire Majority Stake in Roper Technologies' Industrial Businesses

June 1, 2022

Industrial Services

Roper Technologies agreed to sell a majority stake in its industrial businesses (its entire Process Technologies segment and the industrial businesses within Measurement & Analytical Solutions) to affiliates of Clayton, Dubilier & Rice (CD&R) for approximately $2.6 billion in upfront pre-tax cash while retaining a 49% minority interest. The package—which includes Alpha, AMOT, CCC, Cornell, Dynisco, FTI, Hansen, Hardy, Logitech, Metrix, PAC, Roper Pump, Struers, Technolog, Uson and Viatran—generated about $940 million of revenue and $260 million of EBITDA in 2021; CD&R will operate the businesses as a standalone platform to pursue organic and inorganic growth.