U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Roper Technologies has agreed to buy Transact Campus for $1.5 billion, the software services firm said on Thursday, to strengthen its business that serves higher education institutions and healthcare facilities.
The buyout could help Roper use its cash position to improve its fortunes as the firm grapples with weaker enterprise spending on its diverse software portfolio owing to a tough economy, leading to delayed contract renewals.
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