Aug 15 (Reuters) - Roper Technologies ( ROP ) has agreed

to buy Transact Campus for $1.5 billion, the software services

firm said on Thursday, to strengthen its business that serves

higher education institutions and healthcare facilities.

The buyout could help Roper use its cash position to improve

its fortunes as the firm grapples with weaker enterprise

spending on its diverse software portfolio owing to a tough

economy, leading to delayed contract renewals.

Roper expects Transact to contribute around $325 million of

revenue in 2025, and will finance the acquisition with cash and

a revolving credit facility.

Transact Campus provides services like payment,

identification and commerce for improving campus life and will

be combined with Roper's CBORD business, which provides

nutrition, security and campus commerce services.

The combined entity will be led by Transact's chief

executive, Nancy Langer, with the CBORD chief Dan Park serving

as COO.