mynth
07/2025

Subsplash acquired by ROPER TECHNOLOGIES

UNITED STATES Software / ERP, HR & Finance EV 500M - 1.5b USD

Context

Pursuing its external growth strategy across niche vertical software markets, Roper Technologies entered into a definitive agreement in July 2025 to acquire Subsplash. Founded and led by Chief Executive Officer Tim Turner, the software company had previously partnered with investment firm K1, which invested in 2019 to accelerate product expansion and scale the organization's commercial operations. At the time of the transaction, Subsplash served more than 20,000 churches and faith-based organizations through its software-as-a-service and digital donation platform, exhibiting strong organic revenue growth. The acquisition thesis outlined by Roper Technologies, led by President and Chief Executive Officer Neil Hunn, focuses on adding an asset with exceptional customer retention, high recurring cash flows, and defensible market positioning. The transaction is structured to support Subsplash in advancing its artificial intelligence capabilities, particularly in automated media repurposing and donor engagement workflows, while benefiting from the operational disciplines of long-term ownership. For Roper Technologies, the integration expands its vertical software footprint into church technology and mission-driven enterprise solutions, delivering immediate software diversification and supporting sustained margin expansion through compounding cash flow reinvestment.

Subsplash, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Subsplash develops software platforms and financial technology solutions tailored to faith-based organizations and religious institutions. Founded by Tim Turner, the company provides an integrated application suite designed to centralize multimedia content distribution, community administration, and payment processing. Its technological framework encompasses custom mobile application deployment, artificial intelligence tools for content repurposing, and digital transaction processing systems. The business model combines recurring software-as-a-service subscriptions with transaction fees generated through integrated donation and financial processing features. Subsplash equips religious and non-profit organizations with digital infrastructure to coordinate community engagement, streamline operational communications, and administer recurring donor management. While primarily operating across North America, the organization distributes its digital engagement tools to a growing base of institutional users globally.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2025
2024

Similar deals in Software

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
08/2025THOMA BRAVOVERINT SYSTEMSUNITED STATESCRM & Sales
08/2025HAWK INFINITY SOFTWARENYTT FORETAKNorwayIndustry-Specific Software
07/2025BLACKSTONENetBrain TechnologiesUNITED STATESData, Analytics & AI
07/2025PERWYNSOFTNEXTFRANCEIndustry-Specific Software
07/2025GOLDMAN SACHS / BLACKSTONENAVEXUNITED STATESERP, HR & Finance
07/2025Gaztransport & Technigaz (GTT)DanelecDENMARKData, Analytics & AI
07/2025SYNOPSYSANSYSUNITED STATESEngineering & Design Software
07/2025ROCSCIENCE2SIITALYEngineering & Design Software
07/2025IN GROUPEIDEMIA SMART IDENTITYFRANCEIndustry-Specific Software
06/2025SESA GROUPVISICONGERMANYERP, HR & Finance

REFERENCES

Valuation range: EV 500M - 1.5b USD

Revenue range: 100M - 200M USD

EBITDA range: 25M - 50M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Subsplash by ROPER TECHNOLOGIES are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: subsplash

Acquirer: roper technologies