Tyler Technologies
 | |
| Company type | Public company |
|---|---|
| Industry | Software |
| Founded | 1966 |
| Founder | Joseph F. McKinney |
| Headquarters | Plano, Texas, U.S. |
Number of locations | 26 |
Area served | USA Canada |
Key people | John S. Marr Jr., Executive Chairman of the Board H Lynn Moore Jr., CEO & President |
| Products | Public sector software |
| Services | Business services & supplies |
| Revenue |  US$1.85 billion (2022)[1] |
| US$0.214 billion (2022)[1] | |
| US$0.164 billion (2022)[1] | |
| Total assets | US$4.687 billion (2022)[1] |
| Total equity | US$2.624 billion (2022)[1] |
Number of employees | 7200 (2022)[1] |
| Website | tylertech |
| Footnotes / references [1] | |
Tyler Technologies, Inc., based in Plano, Texas, is a provider of software to the United States public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.[2]
History
[edit]Tyler Technologies was founded by Joseph F. McKinney in 1966 as Saturn Industries after buying three government companies from Ling-Temco-Vought. In 1968, the company acquired Tyler Pipe, a manufacturer of iron pipes, which eventually became the company's main source of annual revenue. Tyler Pipe was later renamed Tyler Corporation as a result of its success. In 1969, Saturn Industries was listed on the New York Stock Exchange. In 1970, the company changed its name to Tyler Corporation. Tyler Corporation entered the government software market in 1998. Tyler Corporation changed its name to Tyler Technologies in 1999.[3]
Acquisitions
[edit]Since 1998, the company has acquired:
- Business Resources Corporation (BRC) in Minneapolis, MN and Interactive Computer Designs, Inc. (Incode) in Lubbock, TX, and The Software Group, Inc. in Plano, TX were acquired in 1998.[4][5]
- Eagle Computer Systems, Inc. in Eagle, CO, Micro Arizala Systems, Inc. (Fundbalance) in Ann Arbor, MI, Process Incorporated d/b/a Computer Center Software (Munis) in Falmouth, ME, Gemini Systems (a subsidiary of Essex Technology Group, Inc. in Rochelle Park, NJ), and Cole Layer Trumble Company (CLT) in Dayton, OH, were acquired in 1999.[6][7][8][9][10]
- Eden Systems, Inc. in Renton, WA and GBF Information Systems in Portland, ME, were acquired in 2003.[11][12]
- MazikUSA, Inc. (Mazik Global, Inc.), in Park Ridge, IL and TACS, Inc. in Indianapolis, IN, were acquired in 2006.[13]
- Advanced Data Systems, Inc. in Bangor, ME,[14][15] EDP Enterprises, Inc. in Longview, TX, and Chandler Information Systems in Cameron, TX, were acquired in 2007.[16][17]
- Versatrans in Latham, NY, Olympia Computing Company, Inc. in Olympia, WA, and School Information Systems in St. Louis, MO, Inc., were acquired in 2008.[18]
- PulseMark, LLC in St. Louis, MO,[19][20] Assessment Evaluation Services, Inc. in San Diego, CA,[citation needed] and Parker-Lowe & Associates in Ocracoke, NC, were acquired in 2009[21]
- Wiznet, Inc. in Delray Beach, FL, acquired in 2010[22]
- Yotta MVS Inc. in Kansas City, MO[23] and Windsor Management Group (Infinite Visions) in Tempe, AZ for $23.5 million, were acquired in 2011.[24][25]
- Akanda Innovation, Inc. in Toronto, Ontario, Canada,[26] UniFund, LLC in Nashua, NH, Computer Software Associates, Inc. in Billings, MT, and EnerGov Solutions in Duluth, GA,[27] were acquired in 2012[28][29][30][31]
- SoftCode, Inc. in Marlborough, MA, acquired in 2014[32]
- Brazos Technology Corporation in College Station, TX and New World Systems in Troy, MI, were acquired in 2015.[33][34]
- ExecuTime Software, LLC in Tulsa, OK, was acquired in 2016.[35]
- Modria Inc. in San Jose, CA, Digital Health Department, Inc. in Charlotte, NC, and Radio 10-33 in Plymouth, MN were acquired in 2017.[36][37]
- Socrata in Seattle, WA, Sage Data Security, LLC in Portland, ME,[38] CaseloadPro in Modesto, California, MobileEyes of Troy, Michigan and Atlanta, and SceneDoc in Mississauga, ON, were acquired in 2018.[39][40][41][42][43]
- MicroPact in Herndon, Virginia,[44][45][46] and MyCivic in Seal Beach, California for $3.9 million,[47][48] were acquired in 2019
- NIC Inc. was acquired in April 2021.[49][50]
Products
[edit]The company's public sector software includes eight categories: appraisal and tax software and services, integrated software for courts and justice agencies, data and insights services, enterprise financial software systems, planning/regulatory/maintenance software, public safety software, records/document management software, and transportation software for schools.[51]
Controversies
[edit]In 2014 people in Marion County, Indiana sued claiming they had been wrongfully jailed. In 2016 public defenders in Alameda County, California found dozens of people wrongfully arrested or wrongfully jailed after switching to Tyler’s Odyssey Case Manager software. An October 2021 report from Lubbock County, Texas, cited problems with Tyler Technologies software there as well as in numerous other jurisdictions. In 2021 a $4.9 million federal class action lawsuit was being settled with the county paying $2.45 million and Tyler $816,668.[52] In December 2020 the District Clerk of Wichita Falls, Texas, said they were still experiencing problems they had had since they implemented Tyler Technologies Odyssey Case Manager in July 2019, almost 1.5 years earlier.[53] In December 2021, everythingLubbock.com reported that four months after Lubbock County, Texas, switched their court records to Tyler Technologies software, a trial attorney said, “The rollout of this Tyler system has been an absolute debacle".[54]
In November 2016 Washington County, Pennsylvania, paid Tyler Technologies $1.6 million over their original contract amount of $6.96 million, including paying Tyler Technologies personnel to testify as expert witnesses in county court responding to property owners' complaints.[55]
In 2021 Tyler Technologies paid $3 million to settle a federal class action lawsuit claiming that it had required some employees to work overtime and had not paid them for that time.[56]
References
[edit]- ^ a b c d e f g "Tyler Technologies Inc. 2022 Form 10-K Annual Report" (PDF).
- ^ "Tyler Tech: About Us". tylertech.com.
- ^ "Media Kit" (PDF). Tyler Technologies.
- ^ "Tyler sells land records unit for $71 million". bizjournals.com. Retrieved December 9, 2017.
- ^ "Tyler Technologies Inc". dexknows.com. Retrieved December 9, 2017.
- ^ "Tyler Corp. acquires Eagle Computer Systems". bizjournals.com. Archived from the original on December 3, 2017. Retrieved December 9, 2017.
- ^ "Agreement". pueblo.us. Archived from the original on December 3, 2017. Retrieved December 9, 2017.
- ^ "Micro Arizala Systems, Inc". relationshipscience.com. Archived from the original on December 3, 2017. Retrieved December 9, 2017.
- ^ "Company Overview of Essex Technology Group, Inc". bloomberg.com. Archived from the original on December 3, 2017. Retrieved December 9, 2017.
- ^ "Company Overview of Cole Layer Trumble Company". bloomberg.com. Archived from the original on December 3, 2017. Retrieved December 9, 2017.
- ^ "Tyler buys Eden Systems". washingtontechnology.com. Archived from the original on December 3, 2017. Retrieved December 9, 2017.
- ^ "GBF Information Systems". linkedin.com. Retrieved December 9, 2017.[dead link]
- ^ Welsh, William (February 2, 2006). "Tyler completes two buys". Washington Technology.
- ^ "Maine's ADS acquired by Tyler Tech of Texas". American City Business Journals. February 26, 2007.
- ^ "Tyler Technologies Completes Acquisition of Advanced Data Systems" (Press release). Tyler Technologies. February 26, 2007.
- ^ "Tyler Technologies Acquires EDP Enterprises, Inc. To Expand Presence In Education Market". tylertech.com. Retrieved December 9, 2017.
- ^ "Chandler Information Systems". linkedin.com. Retrieved December 9, 2017.
- ^ "Schoolmaster". infosnap.com. Archived from the original on December 3, 2017. Retrieved December 3, 2017.
- ^ "Tyler Technologies Acquires Pulsemark, LLC to Provide Specialized Information Warehouse Solutions". tylertech.com (Press release). March 10, 2009. Archived from the original on June 25, 2020. Alt URL
- ^ Welsh, William (March 12, 2009). "Tyler Technologies snaps up PulseMark". Washington Technology.
- ^ "Tyler Technologies Grows Land & Vital Record Business with Parker-Lowe & Associates Acquisition" (Press release). Business Wire. July 16, 2009.
- ^ "Tyler Technologies Expands Courts & Justice Product Offerings with Acquisition of Wiznet, Inc". tylertech.com (Press release). Archived from the original on June 25, 2020. Alt URL
- ^ Raletz, Alyson (July 5, 2011). "Tyler Technologies Buys Assets of North Kansas City Tech Firm". American City Business Journals. Archived from the original on December 3, 2017.
- ^ "Tyler Technologies Acquires Windsor Management Group, Expands Share of K-12 Education Market Nationwide" (Press release). Tyler Technologies. October 14, 2011.
- ^ O'Grady, Patrick (October 14, 2011). "Tyler Technology buys Windsor Management Group for $23.5M". American City Business Journals.
- ^ "Tyler Technologies Acquires Longtime Partner Akanda Innovation" (Press release). Business Wire. January 17, 2012.
- ^ "Tyler Technologies Acquires EnerGov Solutions" (Press release). Tyler Technologies. November 30, 2012.
- ^ "Company Overview of Akanda Innovation, Inc". bloomberg.com. Retrieved December 9, 2017.
- ^ "Tyler Technologies Acquires UniFund, L.L.C." tylertech.com. Retrieved December 9, 2017.
- ^ "Company Overview of Computer Software Associates". bloomberg.com. Retrieved December 9, 2017.
- ^ "Tyler Technologies Acquires EnerGov Solutions". tylertech.com. Retrieved December 9, 2017.
- ^ "Company Overview of Softcode, Inc". bloomberg.com. Retrieved December 9, 2017.
- ^ "Company Overview of Brazos Technology Corporation". bloomberg.com. Retrieved December 9, 2017.
- ^ "Tyler Technologies Completes Acquisition Of New World Systems Corporation". TheStreet. Archived from the original on March 18, 2016. Retrieved December 2, 2017.
- ^ "Tyler Technologies Acquires ExecuTime Software" (Press release). Business Wire. June 1, 2016. Archived from the original on December 3, 2017.
- ^ "Tyler Technologies Acquires Modria" (Press release). Business Wire. May 30, 2017. Archived from the original on December 3, 2017.
- ^ "Tyler Technologies acquires Radio 10-33, an Audio Capture Company". Morningstar.com. Retrieved January 30, 2018.
- ^ Johnson, O’Ryan (May 1, 2018). "Tyler Technologies Continues Channel M&A Madness With Acquisition of Sage Data Security". CRN.
- ^ "Tyler Technologies to Acquire Socrata" (Press release). Business Wire. April 18, 2018. Archived from the original on April 18, 2018. Alt URL
- ^ "Tyler Technologies Acquires Sage Data Security" (Press release). Business Wire. May 1, 2018.
- ^ "Tyler Technologies Acquires CaseloadPRO" (Press release). Business Wire. September 4, 2018.
- ^ "Tyler Technologies Acquires MobileEyes" (Press release). Business Wire. October 1, 2018.
- ^ "Tyler Technologies Acquires SceneDoc". Business Wire. December 10, 2018.
- ^ "Tyler Technologies to Acquire MicroPact from Arlington Capital Partners". tylertech.irpass.com (Press release). February 1, 2019.
- ^ Wilkers, Ross (February 1, 2019). "Tyler Technologies' deal for MicroPact moves needle on federal presence". Washington Technology.
- ^ Terry, Robert J. (February 4, 2019). "A Texas company is acquiring MicroPact for $185M". American City Business Journals.
- ^ "Tyler Technologies Acquires MyCivic" (Press release). Business Wire. February 7, 2019.
- ^ Womack, Brian (February 25, 2020). "Plano's Tyler Technologies racks up biggest year in acquisitions since 2015 with over $200M in deals". American City Business Journals.
- ^ "Tyler Technologies to Acquire NIC in $2.3 Billion All-Cash Transaction". 10 February 2021.
- ^ "Tyler Technologies closes NIC acquisition". Washington Technology. Retrieved 2021-04-21.
- ^ "Solutions and Products". businesswire.com. Archived from the original on December 3, 2017. Retrieved December 9, 2017.
- ^ Rob Avila (28 October 2021). "Lubbock County Not Only One With Tyler Technologies Software Issues". KTTZ-FM. Wikidata Q119858679..
- ^ Trish Choate (23 December 2020), A year and a half on, county still in transition to software costing $2 million & counting, Wikidata Q119858786
- ^ Ryan Chandler (3 December 2021), “An absolute debacle:” As lawyers say county software issues still persist, Tyler Technologies defends product, Wikidata Q119863744
- ^ "Extra costs associated with Washington County reassessment: $1.6 million". Associated Press. 29 November 2016. Wikidata Q119864294.
- ^ Maria Dinzeo (23 November 2021). "Tyler Technologies pays $3 million to settle claims it stiffed employees". Courthouse News Service. Wikidata Q119864620.
External links
[edit]- Official website
- Business data for Tyler Technologies, Inc.:
- Companies based in Plano, Texas
- Software companies based in Texas
- Public sector in the United States
- Companies listed on the New York Stock Exchange
- Software companies of the United States
- American companies established in 1966
- Software companies established in 1966
- 1966 establishments in Texas
- 1960s initial public offerings