Roper to Acquire Data Innovations, SoftWriters for $450M
February 06, 2015
Roper Industries (NYSE: ROP) has agreed to acquire medical software companies Data Innovations and SoftWriters for a combined $450 million. The deals are expected to close this month. Acquired by Battery Ventures in October 2010, Data Innovations boasts the world's largest library of proprietary interfaces and drivers that support over 1,000 different lab instruments; it serves over 4,500 customers in more than 80 countries. Majority owned by TA Associates since September 2013, SoftWriters provides operating software and solutions created specifically for the unique processes of long-term care, closed-door and specialty pharmacies.