Roper Technologies, a technology company and a constituent of the S&P 500, Fortune 1000 and the Russell 1000 indices, is expected to purchase Foundry — the deal is expected to close in April 2019, subject to regulatory approval and customary closing conditions.Foundry makes software tools used to create visual effects and 3D for the media and entertainment world, including Nuke, Modo, Mari and Katana.
It’s a substantial move that enables Foundry to remain an independent company, with Roper assuming ownership from Hg. Roper has a successful history of acquiring well-run technology companies in niche markets that have strong, sustainable growth potential.
“We’re excited about the opportunities this partnership brings. Roper understands our strategy and chose to invest in us to help us realize our ambitious growth plans,” says Foundry CEO Craig Rodgerson. “This move will enable us to continue investing in what really matters to our customers: continued product improvement, R&D and technology innovation and partnerships with global leaders in the industry.”