A technology company headquartered in Lakewood Ranch has increased its revenue guidance for the year, in part due to a new acquisition.
Roper Technologies signed an agreement to acquire Subplash, a provider of AI-enabled, cloud-based software and fintech solutions serving more than 20,000 faith-based organizations and churches, for $800 million, according to a statement. The two companies entered into the deal last week, and it is expected to close by the end of July.
“Subsplash is a terrific business that meets each of our long-standing acquisition criteria while enhancing shareholder value creation with its high-teens organic growth profile and the ability to expand margins under Roper’s long-term ownership,” Roper President and CEO Neil Hunn says in a statement. “We see significant potential for Subsplash to further advance their AI capabilities and deliver powerful solutions that will drive increased engagement for their customers.”…