Roper Technologies has announced their acquisition of Aderant, the world’s largest independent legal software company, from private equity firm Madison Dearborn Partners (“Madison Dearborn”). The acquisition is expected to close within 30 days and will cement a milestone in Aderant’s evolution and recognition as the leader in legal software technology. Roper Technologies is a constituent of the S&P 500 with a current market capitalisation of approximately $17bn.
Chris Giglio, Aderant CEO, commented, “I am so pleased that Aderant will operate from a permanent home within Roper Technologies. A permanent home enables Aderant to undertake larger strategic initiatives and even more visionary product development. I am proud of the products and services Aderant delivers today, and I am excited about what Roper will enable us to deliver tomorrow.”
Roper Technologies CEO, Brian Jellison added, “While our businesses serve a diverse set of niche markets, a common focus on customer intimacy has been a key success factor over our 23-year history. Aderant has a strong history of delivering value and a high customer satisfaction to the legal technology market. Now, as part of the Roper family, Aderant will be even better positioned to grow.”