New name for $3.5 billion conglomerate

LAKEWOOD RANCH — Roper Industries, a business conglomerate in everything from medical software to IT, has changed its name to Roper Technologies Inc.

The $3.5 billion publicly traded firm, in a statement, says the name change reflects its evolution into a diversified technology company. The firm's shares, on the NYSE, will begin trading under the new name April 29, and the ticker symbol will remain ROP. Shares of the firm, with a headquarters in a Lakewood Ranch corporate park, closed April 24 at $169.92 a share.

“The emergence of Roper Technologies highlights our evolution over several years,” Roper Chairman, President and CEO Brian Jellison says in a release. “Our strategy remains consistent: niche-focused, asset-light businesses 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.”