Roper Technologies, Inc. (NYSE: ROP), a Sarasota, Fla.-based diversified technology company, is to acquire Foundry, a London, UK-based provider of software technologies used to deliver visual effects and 3D content for the digital design, visualization, and entertainment industries, in an all-cash transaction valued at £410m.
Foundry’s name and brands are not expected to change as a result of the deal. The transaction is expected to close in April 2019, subject to regulatory approval and customary closing conditions. During the first 12 months of ownership, Roper expects Foundry to deliver approximately $75m (USD) of revenue.
Established in 1996 by CEO Craig Rodgerson, Foundry is a provider of software technologies used to deliver visual effects and 3D content for the digital design, visualization, and entertainment industries. Clients and partners include major feature film studios and post-production houses such as Pixar, ILM, MPC, Walt Disney Animation, Weta Digital, DNEG, and Framestore as well as automotive, footwear, apparel, and technology companies such as Mercedes, New Balance, Adidas, and Google.
Following the deal, Rodgerson will continue to lead the business from its London headquarters. The company also has offices in Manchester and Austin.
Led by Neil Hunn, President and CEO, Roper Technologies 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.