Roper Industries, Inc. Acquires The CBORD Group, Inc.

February 21, 2008 – New York, NY.  Gridley & Company LLC announces that Sterling Investment Partners and Oak Investment Partners have closed the sale of The CBORD Group, Inc. (“CBORD”), the leading supplier of card systems and integrated security solutions to higher education, healthcare and other markets, to Roper Industries, Inc. (NYSE: ROP) in a transaction valued at approximately $367 million (including $23 million in tax benefits that can be utilized over time).

CBORD provides integrated transaction solutions to 750 colleges and universities, representing 4.5 million students; 1,700 major healthcare licensees; and large corporate campuses, leading supermarkets, theme parks and dining chains.  In total, CBORD systems are used by more than 6,000 organizations in the U.S., Canada, Europe, South Africa, New Zealand, and Australia.

Mr. Tim Tighe, Chief Executive Officer of CBORD, noted, “Our management team is delighted that CBORD has found a great new home at Roper.  Our customers will find that we will continue to provide the same excellent service and support, with full continuity of personnel, and that with greater scale, our customers will be able to expect even more from us.  As part of Roper we will have the financial and strategic resources necessary to pursue a variety of new initiatives, and further improve our product offerings through collaboration with the other leading-edge businesses in the Roper family.  Our future is very bright as part of Roper, which shares our vision and commitment to value creation.”

Mr. Brian Jellison, Roper Industries’ Chairman, added, “We are very impressed by the accomplishments and talents of the CBORD management team, and look forward to working with Tim and his colleagues to enhance the value of those businesses through the application of their proven technologies to new end markets and expansion of their global reach.”

Gridley & Company LLC and Jefferies & Co. served as financial advisors to The CBORD Group, Inc.