LONDON — Foundry has announced that it will be acquired by Roper Technologies, Inc., a diversified technology company and a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. The transaction is expected to close in April 2019, subject to regulatory approval and customary closing conditions.
Founded in 1996, Foundry (www.foundry.com) is headquartered in London and has a staff of 300 staff, with a presence in the US, China, Japan, Australia and Europe. The company’s products inclde Nuke, Hiero, Mari, Katana, Flix, Athera, Modo and Colorway. The move enables Foundry to remain an independent company, with Roper assuming ownership from Hg. Roper has a successful history of acquiring well-run technology companies in niche markets that have strong, sustainable growth potential.
“We’re excited about the opportunities this partnership brings,” says Craig Rodgerson, Foundry’s CEO. “Roper understands our strategy and chose to invest in us to help us realize our ambitious growth plans. This move will enable us to continue investing in what really matters to our customers: continued product improvement, R&D and technology innovation, and partnerships with global leaders in the industry.”
“Foundry brings over two decades worth of experience in the digital visualization industry and a strong core management team, and this is what excited us about this partnership,” adds Neil Hunn, Roper’s CEO.
Nic Humphries, senior partner at Hg, says: “Foundry is a business with a history of growth and innovation. Hg has built on the company’s strong development capabilities to drive enterprise adoption of the digital design offering and pioneer revolutionary new products such as Athera. We’ve enjoyed working with the team over the last four years and wish the team well as they continue their growth journey as part of Roper Technologies.”