EXTON, Pa.--(BUSINESS WIRE)--iPipeline®, a leading global provider of comprehensive and integrated digital solutions for the life insurance and financial services industry, announces the launch of OneViewTM, a breakthrough solution* that seamlessly tracks the progress and status of clients’ annuity orders–in real time. Annuities have developed a reputation in the industry as a complex investment product. The process of tracking an annuity only compounds that complexity, especially when working with multi ...

SARASOTA, Fla., March 14, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (NASDAQ:ROP) announced that its Board of Directors has approved a dividend of $0.75 per share payable on April 22, 2024 to stockholders of record on April 5, 2024. About Roper Technologies Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop ver ...

ATLANTA, March 08, 2024 (GLOBE NEWSWIRE) -- Brian Cupp, Director of Operations at IntelliTrans, a leading global multimodal transportation management solutions provider, has been named a winner of this year's Pros to Know award in the Lifetime Achievement Category. "Being selected as one of the twenty-five award winners is an exciting accomplishment. I strive daily to provide innovative, forward-looking solutions to challenges customers and team members face. It's great to have been chosen among hundreds no ...

ATLANTA, March 05, 2024 (GLOBE NEWSWIRE) -- In today's volatile market, even a minor disruption can cripple your supply chain. IntelliTrans, a leader in global multimodal transportation management solutions, discusses the pivotal role of transportation management systems in bolstering supply chain resilience through comprehensive risk management strategies centralized around a single point of control. A centralized approach enables businesses to proactively identify and mitigate risks across all transportat ...

ATLANTA--(BUSINESS WIRE)--Aderant, a leading global provider of legal business management solutions, announced today that the company now has 170 Expert Sierra clients. Expert Sierra is Aderant Expert in the cloud, a powerful infrastructure-as-a-service which leverages Expert’s #1 legal practice management solution to deliver the most comprehensive end-to-end cloud management solution on the market today. Mid-to-large sized law firms, including Am Law 200 firms, some with more than 1000 fee earners, use Exp ...

Roper Technologies, Inc. (ROP) has been benefiting from strength across each of its segments. Its Application Software segment is gaining from solid momentum in its Deltek, Vertafore, Strata, Frontline and Aderant businesses. Continued SaaS strength, sustained momentum in the SMB channel and private sector solutions are aiding its Deltek business. The acquisition of Replicon (August 2023) has been supporting Deltek’s growth by boosting its SaaS solutions portfolio.Growing adoption and cross-selling of SaaS ...

Financial Performance - Net revenues for the year ended December 31, 2023, were $6,177.8 million, an increase of 15.0% compared to $5,371.8 million in 2022[147]. - Application Software segment revenues grew by 20.7%, with organic revenue growth of 5.9%, totaling $3,186.9 million in 2023[147]. - Network Software segment revenues increased by 4.4%, with organic revenue growth of 4.6%, totaling $1,439.4 million in 2023[148]. - Technology Enabled Products segment revenues rose by 14.6%, with organic revenue growth of 14.7%, totaling $1,551.5 million in 2023[149]. - Gross margin for total revenues was 69.7% in 2023, slightly down from 69.9% in 2022[147]. - Selling, general and administrative expenses as a percentage of net revenues increased to 37.8% in 2023 from 37.6% in 2022[147]. - Cash provided by operating activities from continuing operations was $2,037.4 million in 2023, a significant increase from $606.6 million in 2022[157]. - Backlog increased by 8.4% to $3,156.6 million as of December 31, 2023, with acquisitions contributing 5% and organic growth contributing 3%[155]. Tax and Debt Management - Roper Technologies reported a 2023 effective income tax rate of 21.5%, down from 23.1% in 2022, with an expected rate of approximately 21% to 22% for 2024[131]. - The effective income tax rate improved to 21.5% in 2023 from 23.1% in 2022, positively impacted by a net tax benefit from international restructuring[154]. - Total debt decreased to $6,360.2 million at December 31, 2023, representing 26.7% of total capital, down from 29.5% in 2022[162]. - The company had $6,000.0 million in fixed-rate borrowings with interest rates ranging from 1.00% to 4.20% as of December 31, 2023[175]. - The company anticipates generating positive cash flows from operating activities, which will support the reduction of outstanding debt according to the repayment schedule[171]. Investments and Acquisitions - The company completed the divestiture of a 51% equity stake in its industrial businesses on November 22, 2022, significantly reducing cyclicality and increasing recurring revenue[121][123]. - Roper's strategy focuses on sustainable growth through continuous improvement and acquisitions of high value-added software and technology-enabled products[120]. - The company maintains an active acquisition program, but future acquisitions will depend on various factors and cannot be reasonably estimated[170]. - The company retained a 47.3% minority equity interest in Indicor as of December 31, 2023, down from 49.0% in 2022, and applies the fair value option for this investment[142]. - The fair value of Roper's equity investment in Indicor is updated quarterly and classified within Level 3 of the fair value hierarchy[142]. - A hypothetical 10% decrease in the fair value of the company's equity investment in Indicor would result in a non-cash charge of approximately $67.6 million[177]. Operational Insights - Roper's segment reporting includes three reportable segments: Application Software, Network Software, and Technology Enabled Products, with detailed financial information available in the consolidated financial statements[124]. - The company performed its annual goodwill impairment test in Q4 2023, determining that impairment was not likely for any of its 22 reporting units[137]. - Roper's divestitures have led to a higher margin profile and an increased mix of recurring revenue[123]. - Cash and cash equivalents at foreign subsidiaries decreased by 36.6% to $148.3 million compared to $234.0 million at December 31, 2022, primarily due to cash repatriation of $250.8 million[167]. - Capital expenditures for 2023 were $68.0 million, up from $40.1 million in 2022, while capitalized software expenditures increased to $40.0 million from $30.2 million[168]. - Total contractual cash obligations amounted to $7,944.3 million as of December 31, 2023, with $1,131.1 million due in fiscal year 2024[169]. - The company expects capital expenditures and capitalized software expenditures to be between 1.0% and 1.5% of annual net revenues in the future[168]. - The company is exposed to interest rate risks on its revolving credit facility borrowings and foreign currency exchange risks, with approximately 11% of total net revenues recognized in currencies other than the U.S. dollar[174][176].

ATLANTA--(BUSINESS WIRE)--Assertively delivering upon its strategy to expand artificial intelligence (AI) and cloud capabilities, Aderant, a global legal business management software provider, announced the appointment of Lisa Erickson as Vice President of Product AI & Cloud Transformation. Erickson has 25 years of experience in the technology field. In this newly-created position, Erickson will draw upon her vast expertise to innovatively drive the company’s AI and cloud development initiatives forward. ...

AUSTIN, Texas--(BUSINESS WIRE)--Verosint, a leader in real-time account fraud prevention, has been selected by DAT Freight & Analytics to combat account fraud within their online freight marketplace. DAT is the recognized leader in the freight and logistics industry with the largest freight load board to connect shippers, carriers, and brokers across North America. Verosint’s rapid implementation at the company, followed by an immediate and drastic reduction in fraud, marks a significant step toward prevent ...

Roper Technologies’ (ROP) fourth-quarter 2023 adjusted earnings of $4.34 per share beat the Zacks Consensus Estimate of $4.33. On a year-over-year basis, earnings increased 11%.Roper’s net revenues of $1,613.5 million beat the consensus estimate of $1,575 million. The top line increased 12.8% year over year. Organic sales in the quarter increased 8% year over year, owing to strength across the three segments. Acquisitions boosted sales by 4%.Segmental PerformanceRoper divested its Process Technologies segme ...