Roper to Buy Software Maker Frontline in $3.7 Billion Deal (1)

Roper Technologies Inc. agreed to buy Frontline Education in an all-cash deal valued at about $3.725 billion, pushing the longtime manufacturer further from its industrial roots.

The net purchase price, to be funded with cash on hand and a revolving credit facility, will be $3.375 billion including a tax benefit from the transaction, according to a statement Tuesday. The deal for Frontline, which specializes in cloud-based software for educational organizations, is expected to close in the fourth quarter.

The acquisition further reshapes Roper after the company in June sold a significant portion of its industrial operations to focus on higher-growth ...