Roper Technologies Agrees to Buy Procare for $1.86 Billion (1)

Roper Technologies Inc. has agreed to acquire child-care management software provider Procare Solutions for $1.86 billion including debt.

Sarasota, Florida-based Roper will buy the company from private equity firms Warburg Pincus and TA Associates, according to a statement on Thursday that confirmed a Bloomberg News report.

Photographer: Pavlo Gonchar/SOPA Images/LightRocket/Getty Images

Procare’s software helps child-care centers streamline administrative tasks and can handle everything from billing to keeping track of children, its website shows.

TA Associates has backed the company since 2015 and Warburg Pincus invested in it in 2018, according to a statement at the time.

Roper has expanded aggressively through ...