Greg Brown, a veteran SaaS executive who led Udemy for several years, has been named chief executive officer of Roper Technologies’ Transact + CBORD unit, effective January 5, 2026. Brown brings more than 25 years of experience scaling enterprise software and embedding generative‑AI capabilities into product lines, positioning the unit to accelerate growth in higher‑education and healthcare technology markets.
The appointment follows the August 2024 acquisition of Transact Campus for $1.5 billion, which Roper combined with its long‑standing CBORD business. In a December 3 announcement, the company also revealed that Transact + CBORD will rebrand as Illumia in March 2026. The new name is intended to reflect the company’s focus on “clarity, intelligence, and innovation” across campus and healthcare operations, and to unify the previously separate platforms under a single identity.
Roper’s recent financial results underscore the strategic rationale for the move. In Q3 2025, the company reported revenue of $2.017 billion, up 14% year‑over‑year, and adjusted earnings per share of $5.14, a $0.03 beat over the $5.11 consensus. The growth was driven by a 6% organic increase and a 8% contribution from acquisitions, including the Transact Campus deal. EBITDA margins remained strong at 40.2%, reflecting pricing power and operational leverage in high‑margin software segments. President and CEO Neil Hunn highlighted the acquisition as “an excellent business that meets all of our acquisition criteria, including mission‑critical solutions, strong customer retention, and excellent cash conversion.”
The rebrand and leadership change are expected to deepen customer relationships and unlock additional revenue streams within the newly consolidated unit. By installing an AI‑savvy executive and presenting a unified brand, Roper aims to accelerate product adoption and enhance cross‑sell opportunities across campus and healthcare customers. Investors will monitor how the new CEO’s experience in scaling SaaS and integrating AI translates into performance metrics such as revenue growth, margin expansion, and customer acquisition costs in the coming quarters.
The announcement signals Roper’s continued focus on vertical‑software consolidation and disciplined capital deployment. With more than $5 billion of available firepower, the company plans to invest in high‑return verticals while maintaining profitability. The rebrand to Illumia, coupled with Brown’s leadership, positions the unit to capture growing demand for AI‑enabled campus and healthcare solutions, potentially driving higher margin growth and reinforcing Roper’s competitive advantage in mission‑critical markets.
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