Technology has become an essential part of our lives, and we can’t only include computer and mobile technology in the category, but it has a vast scope. There are companies that specialize in one niche, but many are there to offer almost every type of technology service. Roper Technologies is one such conglomerate with an extended scope. The company is based in America and serves diversified industries and offers services like radio Frequency Technology, Industrial Technology, Scientific Technology, Energy Systems, Controls, etc. The company is a unicorn with a worth over 3 billion annual revenues.
About Roper Technologies
Roper Technologies was founded in 1890, over a century ago. It started as a home appliances company and later expanded into miscellaneous technology-related products. George D. Roper was the founder of the company, and Neil Hunn is the current president and CEO of Roper Technologies. It is a publically traded company and trades on New York Stock Exchange as ROP. The products by the company include Industrial technology, radio frequency (RF) technology, scientific and industrial imaging, energy systems and controls, and instrumentation. As of 2021, over 1800 thousand people were working for Roper, and it made annual revenues worth US$ 3,238.128 million in 2013. The company is operational in more than 100 countries.
The Founding
George D. Roper is the founder of Roper Technology Inc. He founded the company in 1890 as the manufacturer of home appliances. The journey of Roper to become a conglomerate started with multiple acquisitions. In 1906, the company acquired Trahem Pump Co., and in the following years, it acquired names like David Bradley Manufacturing Works (1966), Sunquest Information Systems (2012), Vertafore (2020), etc. These acquisitions made the company start services like pump manufacturing, outdoor lawn equipment, radio frequency identification(RFID), diagnostic and laboratory software (development), etc.
In the period of hundred years, the ownership for the company and its subsidiaries also went under other players who were responsible for the overall growth of Roper. The Florence Stove Co. of Kankakee had acquired the Roper’s stove business in 1957. Electrolux took over the company’s lawn and garden equipment wing in 1988. In 1989, Whirlpool Corporation acquired Roper as a whole brand and had an IPO in 1992. Roper was operating as Roper Industries Inc, and in 2015, it had a name change to Roper Technologies Inc. Today, Roper is operational in over 100 countries. It operates through its subsidiaries, including DAP Technologies, IPA, LLC, Media Cybernetics, Princeton Instruments, Roper Pump Co., DAT Solutions and TransCore, Data Innovations, ConstructConnect, and DAT Solutions, etc.
The CEO at Roper Technologies
Neil Hunn is the president and CEO at Roper Technologies Inc. He has got a bachelor’s degree in finance and accounting from Miami University and an MBA from Harvard Business School.
Hunn started his career at Deloitte Consulting as a Business Analyst. He then worked at The Parthenon Group for a year as a consultant and switched to MedAssets in 2001, working as the SVP, Corporate Development. After working for over five years, he was promoted to be the Chief Financial Officer in 2007 and then the President of the Revenue Cycle Technology in the same company in 2010.
Hunn joined the Roper Group in 2011 and worked as the President of the medical segment of Roper Technologies. In July 2017, he became the Executive Vice President, and in 2018, he was promoted to be the COO of the company. Hunn became the President and Chief Executive Officer at Roper Technologies in 2018.
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