Kirkland Reps Accel-KKR On $525M ITradeNetwork Sale

Law360, New York (July 26, 2010, 3:31 PM EDT) -- Private equity firm Accel-KKR said Monday that it has reached an agreement to sell iTradeNetwork, a software service provider focused on the food industry, to Roper Industries Inc. for $525 million in cash.

Based in Pleasanton, Calif., iTradeNetwork offers technology aimed at helping food distributors, manufacturers, retailers, suppliers and wholesalers reduce supply chain costs and strengthen trading relationships.

Roper provides engineered products for global niche markets, including water, energy, radio frequency and research/ medical applications. The company said it expected the acquisition to add to its...
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