Thoma Bravo Enters into Arrangement to Sell Frontline Education to Roper Systems

SAN FRANCISCO and MALVERN, Pa., Aug. 30, 2022 /PRNewswire/ — Thoma Bravo, a foremost software program financial investment company, currently introduced it has signed a definitive arrangement to offer Frontline Schooling (“Frontline”), a leading service provider of administration application objective-developed for educators in K-12, to Roper Systems, Inc. (NYSE: ROP) in an all-dollars transaction that values Frontline at around $3.725 billion. The transaction is predicted to near in the fourth quarter, topic to regulatory approvals and customary closing conditions.

For many years, Frontline Training has earned the belief of K-12 leaders throughout the U.S. by providing impressive technological innovation and greatest methods to empower more than 10,000 training organizations, throughout all 50 states, to operate successfully and proficiently. The company presents options for human funds administration, college student and special plans, and business functions with powerful analytics to enhance productiveness and improve general functionality for K-12 administrators.

The exit follows a 5-yr partnership among Thoma Bravo and Frontline all through which Thoma Bravo leveraged its specialized working product and deep sector expertise to permit Frontline to push rewarding expansion and broaden its current market management in the K-12 education and learning sector. Considering the fact that Thoma Bravo’s acquisition of Frontline in 2017, the company has concluded six really strategic acquisitions, considerably grew its earnings, expanded its current market main products portfolio from 16 to 30 items and elevated headcount by more than 70% – all while bringing greater value to university districts across the U.S.

“We are deeply appreciative of Thoma Bravo’s partnership in excess of the very last five a long time and the countless contributions from our committed staff users, which have allowed us to produce an expanded portfolio of mission-critical remedies for our clients,” reported Mark Gruzin, Chief Govt Officer of Frontline Schooling. “Roper’s acquisition of Frontline Training represents the following section of our journey, as we continue to be legitimate to our culture and mission of partnering with K-12 educational institutions in their pursuit of excellence.”   

“There is a wonderful feeling of satisfaction and accomplishment as we mirror on our partnership with Frontline,” claimed Holden Spaht, a Handling Partner at Thoma Bravo. “About the previous five years, we have labored intently with the administration crew to substantially expand the ARR of the business and develop an integrated, market primary software package and analytics platform developed particularly for the one of a kind difficulties faced by K-12 directors and educators. We are not only very very pleased of Frontline’s monetary results, but also its positive effects on the K-12 schooling procedure and we look forward to seeing the corporation carry on to improve and more its important mission underneath Roper’s ownership.”

“Thoma Bravo’s investment in Frontline is a further clear instance of our deep skills across education and learning, computer software and strategic M&A to accelerate expansion and generate favourable impacts – in this case endorsing remarkably effective and powerful K-12 district functions,” said Brian Jaffee, a Spouse at Thoma Bravo. “We have appreciated our shut partnership with Mark and the Frontline administration staff and are thrilled to check out the company go on to prosper with a wonderful new partner in Roper.”

“Frontline is a great business with distinct niche market place leadership, a tested monitor document of strong organic and natural and inorganic expansion, fantastic hard cash conversion, and an exceptional administration workforce that will thrive as section of Roper,” mentioned Neil Hunn, Roper’s President and CEO. “The acquisition of Frontline demonstrates Roper’s disciplined funds deployment approach that focuses on pinpointing superior-high-quality, sector-primary technologies organizations that will increase Roper’s funds circulation compounding. We are fired up to welcome Frontline to the Roper spouse and children.”

J.P. Morgan Securities LLC, Jefferies LLC and Macquarie Funds are serving as monetary advisors and Kirkland & Ellis LLP is serving as legal advisor to Thoma Bravo and Frontline Education and learning. Cooley LLP is also serving as authorized advisor to Frontline Training.

About Frontline

Frontline Education is a main service provider of faculty administration program, connecting options for human money management, scholar and exclusive packages, and enterprise operations with impressive analytics to empower educators. Frontline companions with faculty programs to supply applications, information and insights that help increased performance and efficiency, enabling school leaders to devote far more time and assets executing techniques that generate educator performance, college student accomplishment and district excellence.

Frontline’s broad portfolio includes answers for proactive recruiting and employing, absence and time management, qualified growth, student data units, unique education, special packages, Medicaid reimbursement, school well being administration, inventory command and asset administration, payroll, rewards and economical management, and analytics alternatives that support district leaders faucet into their facts to make more educated decisions for the reward of their college students and communities. About 10,000 shoppers representing millions of educators, administrators and assist personnel have partnered with Frontline Training in their efforts to acquire the next era of learners.

About Thoma Bravo

Thoma Bravo is one of the biggest private equity corporations in the environment, with far more than $114 billion in belongings beneath administration as of March 31, 2022. The company invests in growth-oriented, ground breaking firms operating in the software and technological know-how sectors. Leveraging the firm’s deep sector know-how and established strategic and operational capabilities, Thoma Bravo collaborates with its portfolio corporations to employ operating finest methods, drive growth initiatives and make accretive acquisitions meant to speed up revenue and earnings. Around the previous 20 yrs, the business has acquired or invested in additional than 380 organizations representing over $190 billion in organization benefit. The organization has places of work in Chicago, Miami and San Francisco. For more info, visit www.thomabravo.com.

About Roper Technologies

Roper Technologies is a constituent of the S&P 500 and Fortune 500. Roper has a proven, long-expression observe file of compounding income move and shareholder price. The Corporation operates marketplace foremost firms that structure and create vertical computer software and technological know-how enabled merchandise for a selection of defensible market markets. Roper utilizes a disciplined, analytical, and approach-pushed technique to redeploy its surplus no cost income movement toward significant-top quality acquisitions. Supplemental information about Roper is obtainable on the Company’s internet site at www.ropertech.com.

Supply Thoma Bravo