(July 26, 2010)—Roper Industries Inc. said it will acquire iTradeNetwork Inc. in a $525 million all-cash transaction.
iTradeNetwork provides subscription-based hosted software solutions to the food industry to facilitate transactions between retail grocers, restaurant chain operators, foodservice distributors and their customers.
Roper (NYSE: ROP) reported second quarter earnings were $71 million, or $0.74 per share, compared with $60 million, or $0.64 per share, in the same quarter last year.
Results for the Sarasota-based company include a $1.9 million pre-tax loss due to foreign exchange re-measurement.
Roper is a diversified growth company providing products and solutions for water, energy, radio frequency and research markets.