Firm constructs deal to add $150M in revenues

Lakewood Ranch-based Roper Technologies Inc. plans to close within a week on a $632 million acquisition of a leading provider of cloud-based data and workflow automation solutions to the commercial construction industry.

The purchase of ConstructConnect is expected to generate $150 million in revenues for Roper next year, the company says in a statement. ConstructConnect has over 800,000 users of its software in the U.S. and Canada, and operates eight offices throughout North America.

Dave Conway, who leads ConstructConnect from its headquarters in Cincinnati, will continue in that capacity, as will the rest of the company's management team. The company's software also will maintain current brand names, including iSqft, Bidclerk, CMD and Construction Data.