Roper Technologies, Inc. is a holding company focused on acquiring, managing, and developing niche, market-leading technology businesses. It operates through a decentralized model in which each portfolio company runs independently. Roper describes itself as a free-cash-flow compounder, using excess cash generated by its businesses and returned to the parent company to fund additional acquisitions. The company currently operates 30 distinct businesses, with more than three-fourths of revenue derived from software products and over two-thirds coming from recurring and reoccurring sources.