Mega-Merger: CBORD And Transact: Roper's School Security Solutions

Published Aug 19, 2024 14:19 PM

The largest two providers of school credentials and security have long been CBORD and Transact (formerly of Blackboard). Now, these companies are being combined by Roper Technologies, a low-profile but extremely profitable conglomerate.

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This note examines the revenue of both CBORD and Transact, how Roper manages its acquisitions, and how this planned combination may impact the school security market.

*********

***** ***** ********* ******** * "************* operating ***********" ***** **** ** *** 25+ ********* ** *** *************, ***** says ** ***** ** ********** ***** ********* *****************, * ******** ** ****** ** 2008, ******:

******** **** ** ******** **** *****’* CBORD ********...

*** ******** ******** **** ******* **** the ******** *** ***** ***** ***** and ** *** ** ********’* ***, Nancy ******, **** *****’* ***, *** Park, ******* ** ***** ********* *******.

“******** ******** ******** *** ***** *** leveraging **** ********’* ****** **** ************ will ****** *** ********** *** ********** they **** ***** ** ***** *********

*******

** ******* ******** **** *** ******** revenue ** *** *** ********* ** the ***** ** ~$*** ******* ********, with ********'* ******* ***** ********** ****** than *****'*.

**** ** ***** ** *****'* ********** that *****'* ******* ** ** *** $100 ** $*** ******* *****, **** a****** ********* ************:

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****, ***** ***** *********** ***** *******, **** ****** ******** ** "********** approximately $*** ******* ** *******" ** 2025, ***** ********* ******* **** *******-**** revenue ** ********** *****.

******** ***** ~*** ********* *** ******** and ~*** ********* *** *****, ***** we ******* ******* **** *****'* ******* is ***** ** $*** **** $***, in *** ***** **** ***** ********.

Roper *************

***** **** **** *** **** *** Roper **, *** ***+ ****-*** ******* that ******* **** **** *** ********** roots *** ******* ** ******** ********* with ********** *************:

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***** ** **** ** *****'* *********** software ********, ***** *** ********* ****** margins ** **%+:

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Transact's ********* *************

***** ******* ****** ******* ** ~**% next ****, ***** *** **** ********** but **** ***** ******* *** *** overall *******:

******** ** ******** ** ********** ************* $325 ******* ** ******* *** $*** million ** ****** ** ****, ********* cost ********* ****** *** ******** **********. Roper ******* ******** ** ******* ****-**** high ******-***** ******* ******* ******.

***** *** *** ****** ***** "**** synergies," *** *********, ***** **** **** terminating *********, ********** **** ********** **** CBORD *** ******** *** ***** ********.

Market *****

** ****** *** ******** *********** **** **** **** *** ****** share *** *******/ ********** ****/ ******** solutions. ********** ** ***** ******* ** as * ********** ** **** *****, and **** **** ****, ******* ***** ***, ********** **** *** Transact ** * ** ****, *** **** ** ******** **** **** ** *****.

** ** *** ***** **** ***** closely, *** ** *** *** ***** of *** ****** ********** *** ***** be ***** ** *** **** ** either ** ***** *** ********* *** certainly *** ** **** ********.

****

***** ***** ****** ***** "********** *** innovation **** **** ***** ** ***** customers," *** **** *** ********* ** that ***** ***** ** *** ** dominant ** **** ****** *********** **** be *******. ****, ***** *****'* ***** on *************** **** *******, ** **** this ** * ******** ** ******** more ** **********.

More ** ****

***** ****** **** * ***** ***** release, *** ** ****** **** ******* on ***** **** ******** **** ** two ******, ***** ** **** ** cover.

********?

****** **** ********, ****** ***** **** below ** ************** ** ****@****.*** ** ** **** ** ***** this ******* *** ****** *******.

Comments (2)
UE
Undisclosed End User #1
Aug 23, 2024

*** *** ** * ******** **** Atrium?

(1)
JH
John Honovich
Aug 23, 2024
IPVM

*** ****'* ********* ** **** ** do *** ** *** *** ****** in ******* ********* ******* **** **** providers ** **** *****. *** ***** that ***** *** *** **** ******** shows ****** ****** *** ***** ********* (less **** */****) ****** ** ******** or *****:

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** ** *****, * ** *** saying ******** ***** *** ******* ** the ********* ******* ** ***'* **** enough *** *** **** ****** ***** this ******* **** ******** *** ***** are *** *** ******.

****'* **** ********** **** *****, ******** or ******?