Tyler Technologies

{{Short description|American Technology Company}}

{{Infobox company

| name = Tyler Technologies, Inc.

| logo = File:Tyler Technologies logo.svg

| type = Public company

| traded_as = {{ubl|{{NYSE|TYL}}|S&P 500 component}}

| founded = {{Start date and age|1966}}

| founder = Joseph F. McKinney

| location_city = Plano, Texas, U.S.

| locations = 26

| area_served = USA
Canada

| key_people = John S. Marr Jr., Executive Chairman of the Board
H Lynn Moore Jr., CEO & President

| industry = Proprietary Software

| products = Public sector software

| services = Business services & supplies

| revenue = {{increase}} {{US$|1.85 billion|link=yes}} (2022){{cite web | url=https://d18rn0p25nwr6d.cloudfront.net/CIK-0000860731/fe39fb36-5884-4e94-9e47-54585e0ce72a.pdf | title=Tyler Technologies Inc. 2022 Form 10-K Annual Report }}

| operating_income = {{increase}} US$0.214 billion (2022){{cite web | url=https://d18rn0p25nwr6d.cloudfront.net/CIK-0000860731/fe39fb36-5884-4e94-9e47-54585e0ce72a.pdf | title=Tyler Technologies Inc. 2022 Form 10-K Annual Report }}

| net_income = {{increase}} US$0.164 billion (2022){{cite web | url=https://d18rn0p25nwr6d.cloudfront.net/CIK-0000860731/fe39fb36-5884-4e94-9e47-54585e0ce72a.pdf | title=Tyler Technologies Inc. 2022 Form 10-K Annual Report }}

| assets = {{increase}} US$4.687 billion (2022){{cite web | url=https://d18rn0p25nwr6d.cloudfront.net/CIK-0000860731/fe39fb36-5884-4e94-9e47-54585e0ce72a.pdf | title=Tyler Technologies Inc. 2022 Form 10-K Annual Report }}

| equity = {{increase}} US$2.624 billion (2022){{cite web | url=https://d18rn0p25nwr6d.cloudfront.net/CIK-0000860731/fe39fb36-5884-4e94-9e47-54585e0ce72a.pdf | title=Tyler Technologies Inc. 2022 Form 10-K Annual Report }}

| num_employees = 7200 (2022){{cite web | url=https://d18rn0p25nwr6d.cloudfront.net/CIK-0000860731/fe39fb36-5884-4e94-9e47-54585e0ce72a.pdf | title=Tyler Technologies Inc. 2022 Form 10-K Annual Report }}

| website = {{URL|tylertech.com}}

| footnotes = {{cite web | url=https://d18rn0p25nwr6d.cloudfront.net/CIK-0000860731/fe39fb36-5884-4e94-9e47-54585e0ce72a.pdf | title=Tyler Technologies Inc. 2022 Form 10-K Annual Report }}

}}

Tyler Technologies, Inc., based in Plano, Texas, is a provider of proprietary software to the United States public sector. Tyler Technologies has offices in 17 states and one in Toronto, Ontario, Canada.{{Cite web |url=https://www.tylertech.com/about-us/locations |website=tylertech.com | title=Tyler Tech: About Us }}

History

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.{{Cite web |url=https://www.tylertech.com/MediaKit/TylerTechnologiesMediaKit.pdf |title=Media Kit | publisher=Tyler Technologies }}

=Acquisitions=

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.{{Cite web |url=https://www.bizjournals.com/dallas/stories/2001/01/01/daily2.html|title=Tyler sells land records unit for $71 million|website=bizjournals.com |access-date=December 9, 2017 }}{{Cite web |url=https://www.dexknows.com/business_profiles/tyler_technologies_inc-l908052467|title=Tyler Technologies Inc|website=dexknows.com |access-date=December 9, 2017 }}
  • 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.{{Cite web |url=https://www.bizjournals.com/dallas/stories/1999/03/08/daily7.html|title=Tyler Corp. acquires Eagle Computer Systems|website=bizjournals.com |access-date=December 9, 2017 |url-status=live |archiveurl=https://web.archive.org/web/20171203143323/https://www.bizjournals.com/dallas/stories/1999/03/08/daily7.html|archivedate=December 3, 2017 }}{{Cite web |url=https://www.pueblo.us/DocumentCenter/View/5507|title=Agreement|website=pueblo.us |access-date=December 9, 2017

|url-status=live |archiveurl=https://web.archive.org/web/20171203143323/https://www.pueblo.us/DocumentCenter/View/5507 |archivedate=December 3, 2017 }}{{Cite web |url=https://relationshipscience.com/micro-arizala-systems-inc-o345592 |title=Micro Arizala Systems, Inc. |website=relationshipscience.com |access-date=December 9, 2017 |url-status=live |archiveurl=https://web.archive.org/web/20171203143323/https://relationshipscience.com/micro-arizala-systems-inc-o345592|archivedate=December 3, 2017 }}{{Cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=93320|title=Company Overview of Essex Technology Group, Inc.|website=bloomberg.com |access-date=December 9, 2017 |url-status=live |archiveurl=https://web.archive.org/web/20171203143323/https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=93320|archivedate=December 3, 2017 }}{{Cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=770361 |title=Company Overview of Cole Layer Trumble Company |website=bloomberg.com |access-date=December 9, 2017 |url-status=live |archiveurl=https://web.archive.org/web/20171203143323/https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=770361 |archivedate=December 3, 2017 }}

  • Eden Systems, Inc. in Renton, WA and GBF Information Systems in Portland, ME, were acquired in 2003.{{Cite web |url=https://washingtontechnology.com/Articles/2003/12/12/Tyler-buys-Eden-Systems.aspx|title=Tyler buys Eden Systems|website=washingtontechnology.com |access-date=December 9, 2017 |url-status=live |archiveurl=https://web.archive.org/web/20171203143323/https://washingtontechnology.com/Articles/2003/12/12/Tyler-buys-Eden-Systems.aspx|archivedate=December 3, 2017 }}{{Cite web |url=https://www.linkedin.com/company/gbf-information-systems|archive-url=https://web.archive.org/web/20241222001551/https://www.linkedin.com/company/gbf-information-systems|url-status=dead|archive-date=December 22, 2024|title=GBF Information Systems|website=linkedin.com |access-date=December 9, 2017 }}
  • MazikUSA, Inc. (Mazik Global, Inc.), in Park Ridge, IL and TACS, Inc. in Indianapolis, IN, were acquired in 2006.{{Cite news | url=https://washingtontechnology.com/articles/2006/02/02/tyler-completes-two-buys.aspx | title=Tyler completes two buys | first=William | last=Welsh | work=Washington Technology | date=February 2, 2006}}
  • Advanced Data Systems, Inc. in Bangor, ME,{{Cite news | url=https://www.bizjournals.com/boston/blog/mass-high-tech/2007/02/maines-ads-acquired-by-tyler-tech-of-texas.html | title=Maine's ADS acquired by Tyler Tech of Texas | work=American City Business Journals | date=February 26, 2007}}{{cite press release | url=https://tylertech.irpass.com/profiles/investor/ResLibraryView.asp?ResLibraryID=18985&GoTopage=30&Category=16&BzID=499&G=320 | title=Tyler Technologies Completes Acquisition of Advanced Data Systems | publisher=Tyler Technologies | date=February 26, 2007}} EDP Enterprises, Inc. in Longview, TX, and Chandler Information Systems in Cameron, TX, were acquired in 2007.{{Cite web |url=http://investors.tylertech.com/profiles/investor/ResLibraryView.asp?ResLibraryID=21380&GoTopage=20&Category=16&BzID=499&t=771&G=320 |title=Tyler Technologies Acquires EDP Enterprises, Inc. To Expand Presence In Education Market|website=tylertech.com |access-date=December 9, 2017 }}{{Cite web |url=https://www.linkedin.com/company/chandler-information-systems|title=Chandler Information Systems|website=linkedin.com |access-date=December 9, 2017 }}
  • Versatrans in Latham, NY, Olympia Computing Company, Inc. in Olympia, WA, and School Information Systems in St. Louis, MO, Inc., were acquired in 2008.{{Cite web |url=https://www.infosnap.com/charter-schools/sis-integrations/schoolmaster/ |title=Schoolmaster |website=infosnap.com |access-date=December 3, 2017 |url-status=live |archiveurl=https://web.archive.org/web/20171203143323/https://www.infosnap.com/charter-schools/sis-integrations/schoolmaster/ |archivedate=December 3, 2017 }}
  • PulseMark, LLC in St. Louis, MO,{{Cite press release | url=https://tylertech.irpass.com/profiles/investor/ResLibraryView.asp?ResLibraryID=28865&GoTopage=13&Category=16&BzID=499&G=320 |title=Tyler Technologies Acquires Pulsemark, LLC to Provide Specialized Information Warehouse Solutions |website=tylertech.com | date=March 10, 2009 | url-status=live |archiveurl=https://web.archive.org/web/20200625065346/https://tylertech.irpass.com/profiles/investor/ResLibraryView.asp?ResLibraryID=28865&GoTopage=13&Category=16&BzID=499&G=320 |archivedate=June 25, 2020 }} [http://investors.tylertech.com/profiles/investor/ResLibraryView.asp?ResLibraryID=28865&GoTopage=13&Category=16&BzID=499&G=320 Alt URL]{{cite news | url=https://washingtontechnology.com/articles/2009/03/12/tyler-acquires-pulsemark.aspx | title=Tyler Technologies snaps up PulseMark | first=William | last=Welsh | work=Washington Technology | date=March 12, 2009}} Assessment Evaluation Services, Inc. in San Diego, CA,{{cn|date=September 2021}} and Parker-Lowe & Associates in Ocracoke, NC, were acquired in 2009{{cite press release | url=https://www.businesswire.com/news/home/20090716005167/en/Tyler-Technologies-Grows-Land-Vital-Record-Business | title=Tyler Technologies Grows Land & Vital Record Business with Parker-Lowe & Associates Acquisition | publisher=Business Wire | date=July 16, 2009}}
  • Wiznet, Inc. in Delray Beach, FL, acquired in 2010{{Cite press release | url=https://tylertech.irpass.com/profiles/investor/ResLibraryView.asp?ResLibraryID=35341&GoTopage=5&Category=16&BzID=499&t=771&G=320 |title=Tyler Technologies Expands Courts & Justice Product Offerings with Acquisition of Wiznet, Inc. | website=tylertech.com |url-status=live |archiveurl=https://web.archive.org/web/20200625073723/https://tylertech.irpass.com/profiles/investor/ResLibraryView.asp?ResLibraryID=35341&GoTopage=5&Category=16&BzID=499&t=771&G=320 |archivedate= June 25, 2020}} [http://investors.tylertech.com/profiles/investor/ResLibraryView.asp?ResLibraryID=35341&GoTopage=5&Category=16&BzID=499&t=771&G=320 Alt URL]
  • Yotta MVS Inc. in Kansas City, MO{{Cite web |url=https://www.bizjournals.com/kansascity/news/2011/07/05/tyler-technologies-buys-yotta-mvs.html |title=Tyler Technologies Buys Assets of North Kansas City Tech Firm |last=Raletz |first=Alyson |date=July 5, 2011 | work=American City Business Journals |url-status=live |archiveurl=https://web.archive.org/web/20171203143323/https://www.bizjournals.com/kansascity/news/2011/07/05/tyler-technologies-buys-yotta-mvs.html |archivedate=December 3, 2017 }} and Windsor Management Group (Infinite Visions) in Tempe, AZ for $23.5 million, were acquired in 2011.{{cite press release | url=https://tylertech.irpass.com/profiles/investor/ResLibraryView.asp?ResLibraryID=48011&BzID=499&g=320&Nav=1&LangID=1&s=0 | title=Tyler Technologies Acquires Windsor Management Group, Expands Share of K-12 Education Market Nationwide | publisher=Tyler Technologies | date=October 14, 2011}}{{cite news | url=https://www.bizjournals.com/phoenix/news/2011/10/14/tyler-technology-buys-windsor.html | title=Tyler Technology buys Windsor Management Group for $23.5M | first=Patrick | last=O'Grady | work=American City Business Journals | date=October 14, 2011}}
  • Akanda Innovation, Inc. in Toronto, Ontario, Canada,{{Cite press release | url=https://www.businesswire.com/news/home/20120117005489/en/Tyler-Technologies-Acquires-Longtime-Partner-Akanda-Innovation | title=Tyler Technologies Acquires Longtime Partner Akanda Innovation | publisher=Business Wire | date=January 17, 2012}} UniFund, LLC in Nashua, NH, Computer Software Associates, Inc. in Billings, MT, and EnerGov Solutions in Duluth, GA,{{Cite press release | url=https://tylertech.irpass.com/profiles/investor/ResLibraryView.asp?ResLibraryID=59063&BzID=499&g=320&Nav=0&LangID=1&s=0 | title=Tyler Technologies Acquires EnerGov Solutions | publisher=Tyler Technologies | date=November 30, 2012}} were acquired in 2012{{Cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=146155766|title=Company Overview of Akanda Innovation, Inc.|website=bloomberg.com|access-date=December 9, 2017}}{{Cite web |url=http://investors.tylertech.com/profiles/investor/ResLibraryView.asp?ResLibraryID=52314&GoTopage=6&Category=16&BzID=499&t=2019&G=320|title=Tyler Technologies Acquires UniFund, L.L.C.|website=tylertech.com|access-date=December 9, 2017 }}{{Cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=1011737|title=Company Overview of Computer Software Associates |website=bloomberg.com|access-date=December 9, 2017}}{{Cite web |url=https://www.tylertech.com/Webmail/2012/11-30-12_TYL_EnerGov.htm |title= Tyler Technologies Acquires EnerGov Solutions |website=tylertech.com |access-date=December 9, 2017}}
  • SoftCode, Inc. in Marlborough, MA, acquired in 2014{{Cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=271489304|title= Company Overview of Softcode, Inc. |website=bloomberg.com |accessdate=December 9, 2017}}
  • Brazos Technology Corporation in College Station, TX and New World Systems in Troy, MI, were acquired in 2015.{{Cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=302562569| title= Company Overview of Brazos Technology Corporation |website=bloomberg.com |accessdate=December 9, 2017}}{{cite web|url=https://www.thestreet.com/story/13366648/1/tyler-technologies-completes-acquisition-of-new-world-systems-corporation.html|title=Tyler Technologies Completes Acquisition Of New World Systems Corporation|publisher=TheStreet|accessdate=December 2, 2017|url-status=live|archiveurl=https://web.archive.org/web/20160318144145/http://www.thestreet.com/story/13366648/1/tyler-technologies-completes-acquisition-of-new-world-systems-corporation.html|archivedate=March 18, 2016}}
  • ExecuTime Software, LLC in Tulsa, OK, was acquired in 2016.{{Cite press release |url=https://www.businesswire.com/news/home/20160601006823/en/Tyler-Technologies-Acquires-ExecuTime-Software |title=Tyler Technologies Acquires ExecuTime Software | publisher=Business Wire | date=June 1, 2016 |url-status=live |archiveurl=https://web.archive.org/web/20171203143323/http://www.businesswire.com/news/home/20160601006823/en/Tyler-Technologies-Acquires-ExecuTime-Software|archivedate=December 3, 2017 }}
  • Modria Inc. in San Jose, CA, Digital Health Department, Inc. in Charlotte, NC, and Radio 10-33 in Plymouth, MN were acquired in 2017.{{Cite press release |url=https://www.businesswire.com/news/home/20170530005673/en/Tyler-Technologies-Acquires-Modria |title=Tyler Technologies Acquires Modria | publisher=Business Wire | date=May 30, 2017 |url-status=live |archiveurl=https://web.archive.org/web/20171203143323/http://www.businesswire.com/news/home/20170530005673/en/Tyler-Technologies-Acquires-Modria|archivedate=December 3, 2017 }}{{Cite web |url=https://www.morningstar.com/news/business-wire/BWIPREM_20171129005108/tyler-technologies-acquires-radio-1033-an-audio-capture-company.html |title=Tyler Technologies acquires Radio 10-33, an Audio Capture Company|website=Morningstar.com|accessdate=January 30, 2018 }}
  • Socrata in Seattle, WA, Sage Data Security, LLC in Portland, ME,{{cite news | url=https://www.crn.com/news/security/300102931/tyler-technologies-continues-channel-ma-madness-with-acquisition-of-sage-data-security.htm | title=Tyler Technologies Continues Channel M&A Madness With Acquisition of Sage Data Security | first=O’Ryan | last=Johnson | work=CRN | date=May 1, 2018}} CaseloadPro in Modesto, California, MobileEyes of Troy, Michigan and Atlanta, and SceneDoc in Mississauga, ON, were acquired in 2018.{{Cite press release |url=https://www.businesswire.com/news/home/20180418005126/en/Tyler-Technologies-Acquire-Socrata

|title=Tyler Technologies to Acquire Socrata | publisher=Business Wire | date=April 18, 2018 |url-status=live |archiveurl=https://web.archive.org/web/20180418142149/https://www.businesswire.com/news/home/20180418005126/en/Tyler-Technologies-Acquire-Socrata/|archivedate= April 18, 2018}} [https://www.tylertech.com/Tyler-Acquires-Socrata Alt URL]{{Cite press release |url=https://www.businesswire.com/news/home/20180501005126/en/Tyler-Technologies-Acquires-Sage-Data-Security |title=Tyler Technologies Acquires Sage Data Security | publisher=Business Wire | date=May 1, 2018}}{{Cite press release |url=https://www.businesswire.com/news/home/20180904005026/en/Tyler-Technologies-Acquires-CaseloadPRO |title=Tyler Technologies Acquires CaseloadPRO | publisher=Business Wire | date=September 4, 2018}}{{Cite press release |url=https://www.businesswire.com/news/home/20181001005074/en/Tyler-Technologies-Acquires-MobileEyes |title=Tyler Technologies Acquires MobileEyes | publisher=Business Wire | date=October 1, 2018}}{{Cite web |url=https://www.businesswire.com/news/home/20181210005063/en/Tyler-Technologies-Acquires-SceneDoc |title=Tyler Technologies Acquires SceneDoc|

publisher=Business Wire | date=December 10, 2018}}

  • MicroPact in Herndon, Virginia,{{Cite press release | url=https://tylertech.irpass.com/Tyler-Technologies-to-Acquire-MicroPact-from-Arlington-Capital-Partners |title=Tyler Technologies to Acquire MicroPact from Arlington Capital Partners |website=tylertech.irpass.com | date=February 1, 2019}}{{cite news | url=https://washingtontechnology.com/articles/2019/02/01/tyler-micropact-acquisition.aspx | title=Tyler Technologies' deal for MicroPact moves needle on federal presence | first=Ross | last=Wilkers | work=Washington Technology | date=February 1, 2019}}{{cite news | url=https://www.bizjournals.com/washington/news/2019/02/04/a-texas-company-is-acquiring-micropact-for-185m.html | title=A Texas company is acquiring MicroPact for $185M | first=Robert J. | last=Terry | work=American City Business Journals | date=February 4, 2019}} and MyCivic in Seal Beach, California for $3.9 million,{{Cite press release | url=https://www.businesswire.com/news/home/20190207005134/en/Tyler-Technologies-Acquires-MyCivic |title=Tyler Technologies Acquires MyCivic | publisher=Business Wire | date=February 7, 2019}}{{cite news | url=https://www.bizjournals.com/dallas/news/2020/02/25/plano-tyler-technologies-racks-up-biggest-year-in.html | title=Plano's Tyler Technologies racks up biggest year in acquisitions since 2015 with over $200M in deals | first=Brian | last=Womack | work=American City Business Journals | date=February 25, 2020}} were acquired in 2019
  • NIC Inc. was acquired in April 2021.{{Cite web|url=https://www.businesswire.com/news/home/20210210005334/en/Tyler-Technologies-to-Acquire-NIC-in-2.3-Billion-All-Cash-Transaction|title=Tyler Technologies to Acquire NIC in $2.3 Billion All-Cash Transaction|date=10 February 2021}}{{Cite web|title=Tyler Technologies closes NIC acquisition|url=https://washingtontechnology.com/articles/2021/04/21/tyler-nic-deal-close.aspx|access-date=2021-04-21|website=Washington Technology}}

Products

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.{{Cite web |url=https://www.tylertech.com/solutions-products|title=Solutions and Products |website=businesswire.com|access-date=December 9, 2017 |url-status=live |archiveurl=https://web.archive.org/web/20171203143323/https://www.tylertech.com/solutions-products|archivedate=December 3, 2017 }}

Controversies

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.{{cite Q|Q119858679}}. 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.{{cite Q|Q119858786)}} 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".{{cite Q|Q119863744}}

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.{{cite Q|Q119864294)}}

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.{{cite Q|Q119864620}}

References

{{Reflist |30em}}