Roper Technologies Syntellis

Roper Technologies Syntellis: An Overview

Roper Technologies, Inc. is a diversified technology company that operates four business segments: Application Software, Network Software & Systems, Measurement & Analytical Solutions, and Process Technologies.

Key takeaways:

  • Roper Technologies acquired Syntellis Performance Solutions in 2018 for $2.275 billion.
  • Syntellis provides enterprise performance management software and solutions.
  • Syntellis solutions focus on financial governance, operational analytics, and regulatory compliance.
  • Syntellis serves over 3,500 clients worldwide across healthcare, higher education, commercial industries, and the public sector.

In June 2018, Roper Technologies acquired Syntellis Performance Solutions for a purchase price of $2.275 billion. Syntellis provides enterprise performance management software and solutions to organizations worldwide.

Overview of Syntellis Performance Solutions

Syntellis Performance Solutions was formed in 2016 from the merger of two leading providers of performance management software:

  • SunGard Higher Education – provides SaaS solutions for higher education institutions.
  • Axiom EPM – provides on-premise and SaaS solutions for healthcare organizations.

The combined company adopted the Syntellis brand in 2017. Syntellis aims to transform how organizations use data to improve financial and operational performance.

Syntellis provides enterprise performance management (EPM) software and solutions focused on:

  • Financial governance – budgeting, financial planning, cost accounting
  • Operational analytics – activity-based costing, service line analytics
  • Regulatory compliance – disclosure management, compliance reporting

These solutions enable organizations to gain visibility into data, improve decision-making, and achieve strategic goals.

Syntellis Solutions and Target Industries

Syntellis offers specialized EPM solutions tailored for key industries:

Healthcare

  • Budgeting and forecasting
  • Cost accounting and decision support
  • Patient-level margin analytics
  • Service line analytics

Higher Education

  • Budgeting and planning
  • Grant management
  • Tuition planning and modeling
  • Faculty compensation planning

Commercial

  • Financial consolidation and close
  • Planning, budgeting, forecasting
  • Profitability and cost management
  • Strategy and analytics

Public Sector

  • Budgeting and planning
  • Grant management
  • Fund accounting and reporting
  • Cost allocation

Syntellis solutions are built on a foundation of industry best practices and expertise. They leverage technologies like automation, advanced analytics, and artificial intelligence.

Syntellis serves over 3,500 clients in higher education, healthcare, commercial industries, and the public sector. Its solutions are used at organizations ranging from medium-sized companies to large global enterprises.

Benefits of the Roper Acquisition

Roper’s acquisition of Syntellis in 2018 enabled both companies to benefit:

  • Roper gained industry-leading SaaS products in fast-growing software markets.
  • Syntellis gained access to Roper’s resources and scale to accelerate growth.

For Roper customers, the acquisition provides an enterprise performance management solution that integrates with and complements Roper’s other software products.

The acquisition also allows Roper to further penetrate the attractive healthcare market, where Syntellis already has a strong presence.

Overall, Roper Technologies’ strategic acquisition of Syntellis Performance Solutions strengthened its diversified portfolio of technology businesses and provided entry into high-growth SaaS markets.

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