Area technology company to acquire firm for $5.35 billion

LAKEWOOD RANCH — Diversified technology company Roper Technologies Inc. has reached a definitive agreement to acquire Vertafore in an all-cash transaction valued at approximately $5.35 billion.

Lakewood Ranch-based Roper anticipates funding the transaction using its cash on hand, revolving credit and new debt, according to a press release. Roper operates businesses that design and develop software (both license and software-as-a-service) and engineered products and solutions for a variety of niche end markets.