Florida-based industrial engineering firm acquires Ithaca's CBORD Group

The CBORD Group's headquarters in Ithaca's northeast.

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Ithaca, 22 February 08 -- Roper Industries, a Sarasota, Florida industrial engineering company, yesterday announced it had acquired the Ithaca-based CBORD Group, in a 367 million dollar transaction, including 23 million dollars in tax benefits.

Founded in 1975, CBORD is best known for its card-based food-service transaction systems and food-service and inventory management software. The company serves over 4,000 customer installations, including colleges and universities, hospitals and other healthcare operations, theme parks and stadiums, chain restaurants, and corporate food-service facilities. All told, the company serves over 9,000 customers with a staff of about 430.

CBORD president Tim Tighe.

CBORD has for years been situated in the Cornell Business & Technology Park off Warren Road near the Ithaca Tompkins Regional Airport. Roper says current CBORD president Tim Tighe and his management team will continue to lead the Ithaca-based operation.

Tighe was hired in 1986 as vice president of CBORD's Foodservice Management Systems division, after working as a senior manager at KPMG. He became president in 2004, taking over from company founder John Alexander, who became Chairman of the Board after nearly thirty years of running the company directly.

Alexander founded CBORD in 1975 after working in dining services at Cornell University.

Previously, Roper's technology business has focused on the water utility and transportation markets.