![]() You can learn more here.įrontline is the third company Roper has acquired from Thoma Bravo, after it bought life insurance software company iPipeline from the firm for $1.6 billion in August 2019. The event will feature speakers and panelists from school districts, the release of new survey data collected from K-12 decision-makers, and insights on districts’ most pressing challenges and shifts in the market. Join us for the EdWeek Market Brief Fall SummitĮducation company officials who want intel on school districts’ key spending and policy priorities over the next year should come to the EdWeek Market Brief Summit, being held in-person in Dallas Nov. The deal is expected to close in the fourth quarter following regulatory approval and customary closing conditions. “Frontline is a terrific business with clear niche market leadership, a proven track record of strong organic and inorganic growth, excellent cash conversion, and an outstanding management team that will thrive as part of Roper,” Neil Hunn, Roper’s president and CEO, said in a statement. ![]() Now, ownership of the education company transfers to Roper, a publicly traded organization that works across global markets in an array of sectors, including application and network software. The private equity firm Thoma Bravo bought Frontline from Insight Venture Partners in August 2017 in a deal that valued the company at more than $1 billion. Frontline is expected to bring in $370 million in revenue in 2023. Private equity firm Thoma Bravo agreed to sell Frontline Education to Roper Technologies for $3.75 billion, the latter company announced this week.įrontline, which makes administrative software for K-12 districts, will maintain its existing headquarters in Malvern, Pa., as well as its management team, brands, and offices.Ī tax benefit resulting from the deal will result in a net purchase price of $3.375 billion, or roughly 19 times the company’s estimated earnings before interest, taxes, depreciation, and amortization, Roper said in its announcement.
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