(Reuters) -Software services firm Roper Technologies said on Thursday it had agreed to buy Transact Campus for $1.5 billion, strengthening its business that serves higher education institutions and healthcare facilities.
The transaction is scheduled to close in the immediate future, Roper said, and expects Transact to contribute around $325 million of revenue in 2025.
Transact campus provides services like payment, identification and commerce for improving campus life.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Shinjini Ganguli and Sriraj Kalluvila)
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