Roper Industries, Inc buys CBORD

CBORD provides our Dining Services, Campus Card, and Housing Management System for Luther

February 29, 2008

CBORD is pleased to announce our acquisition by Roper Industries, Inc. As an investor in CBORD and as a long-term “CBORDian” (as we like to call ourselves), I have a great deal of personal pride in CBORD’s growth and development. I view this new partnership with Roper as a very positive development for all our current and future customers.

CBORD is very focused on providing you, our customers, with high-quality products and services that meet your needs today and provide exciting alternatives for the future. Roper significantly extends our reach as a company.

Your needs come first, and we thank you for your business. This company has grown through a very strong partnership with our customers, and as such, you can look forward to a number of added benefits:

* a continuing “customer-centered business model” with the same high level of dedicated customer service you have come to expect from CBORD;
* exciting, new, innovative products that leverage emerging technologies;
* a focused approach to meeting your needs; and
* added value through the expertise and economies of scale of the expanded organization.

Roper is an exciting public company (NYSE: ROP) that designs, manufactures, and distributes a wide variety of products, including radio frequency (RF) products and services. CBORD will become a direct part of the RF segment (www.roperind.com).

CBORD now has exciting new growth opportunities as part of the RF business segment, which includes Inovonics Wireless Corporation, a manufacturer of wireless RF devices used in security solutions and remote temperature monitoring, and TransCore, best known for its RFID, satellite-based communication, mobile asset tracking, security applications, and comprehensive toll/traffic wireless solutions. These technologies present fascinating possibilities for CBORD to create new solutions for you.

With Roper as our partner, CBORD gains additional financial backing to continue to research, develop, and release new innovative solutions to support your operations and help you deliver enhanced services to your customers.

This change has very little effect on CBORD’s existing staff. CBORD will continue to operate under its existing management team, and our team remains completely in tact. Our company name, logos, and product names all remain unchanged. Our financing is changing; our commitment to you remains the same.

We believe this acquisition will help us become even more effective in our mission, which is to continue providing solutions and services that give you a competitive edge. You have been an important part of CBORD’s success, and we thank you for your loyalty and continued support as a valued CBORD customer. This period of growth is truly an exciting time to be a CBORD customer, and we look forward to continuing our work for you.

Should you have any questions regarding this announcement, please contact us at CBORDInfo@cbord.com.

Sincerely,

Tim Tighe, President, The CBORD Group, Inc.

Tim Tighe
President
The CBORD Group, Inc.