Roper Technologies to acquire Transact Campus from Reverence Capital Partners for $1.6bn.

Roper Technologies, a diversified company that designs, manufactures, and distributes vertical software and technology enabled products, agreed to acquire Transact Campus, a provider of innovative payment, campus ID, and commerce solutions for a connected campus, from Reverence Capital Partners, a private investment firm, for $1.6bn. "We are extremely excited for this next stage of our journey and look forward to continuing to provide best-in-class experience to our customer base, while also bringing to them the benefits of a more scaled platform. I also wanted to thank Reverence for their invaluable partnership over the past five years. Between standing up the business, building out the management team, and driving product investment that's led us to becoming a best-in-class institution, Reverence has been integral in getting us to where we are today," Nancy Langer, Transact CEO.