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Tyler Technologies, Inc. (NYSE: TYL) is a prominent provider of comprehensive information management solutions tailored for local government entities. Established in Plano, Texas, Tyler Technologies is on a mission to enhance the efficiency, accessibility, and responsiveness of public sector organizations, including cities, counties, schools, and courts.
With a client base that spans over 14,000 local government offices across all 50 states, Canada, the Caribbean, the United Kingdom, and other international locations, Tyler Technologies is at the forefront of empowering public administration. The company’s flagship products include:
- Munis: Tyler’s core Enterprise Resource Planning (ERP) system designed to integrate various administrative operations and enhance financial management.
- Odyssey: A robust Court Management System (CMS) that streamlines judicial processes and improves case management efficiency.
- Payments: A versatile platform facilitating seamless financial transactions and payment processing.
Beyond these core offerings, Tyler Technologies provides a diverse array of add-on modules and outsourced services, such as property tax assessment, to meet the unique needs of its clients. The company's dedication to innovation and consistent performance has earned it a spot on Forbes' list of “America’s Best Small Companies” eight times and inclusion in the Barron's 400 Index, recognizing the most promising companies in America, six times.
Tyler Technologies continues to drive advancements in public sector software, forming strategic partnerships and undertaking significant projects to modernize government operations. The company's solutions are designed to foster transparency, improve citizen engagement, and support the evolving demands of governmental bodies. For the latest updates, financial performance, and news about Tyler Technologies, visit their official website at www.tylertech.com.
Tyler Technologies (NYSE: TYL) has announced that the city of Amarillo, Texas, has successfully implemented the EnerGov civic services solution. This deployment includes the EnerGov citizen self-service solution, workforce applications, Tyler Content Manager, Tyler Cashiering, and electronic plan reviews. The initiative aims to enhance citizen access to information and improve inter-department connectivity. Initial benefits include reduced application processes, improved transparency, and more efficient resource management, making it easier for residents to engage with city services.
Tyler Technologies (NYSE: TYL) has secured a multi-year SaaS agreement with the city of Fresno, California, to implement its Munis® enterprise resource planning (ERP) solution. This agreement aims to improve financial management, human resources, utility billing, and streamline city operations through an integrated system. Fresno officials emphasized the need for modernization to enhance efficiency and transparency in their operations. The Munis solution will enable easier access to information, efficient workflows, and accountability among staff, ultimately benefiting the community.
Tyler Technologies (NYSE: TYL) announced that its redesigned Expresslane.org website, developed by NIC Louisiana, received two international awards: gold at the Hermes Creative Awards and silver at the MUSE Creative Awards. The site enhances government interactions for Louisiana citizens, offering services such as vehicle registration and driver's license renewals. Since its relaunch in January 2021, Expresslane.org has set new user records in January and March, indicating a significant improvement in digital experience for users.
Tyler Technologies (NYSE: TYL) will participate in four investor conferences in May and June 2021. These events include:
- Needham Virtual Technology & Media Conference on May 18
- William Blair Virtual Growth Stock Conference on June 2
- Evercore ISI TMT Conference on June 8
- Baird Global Consumer, Technology & Services Conference on June 10
Live webcasts for all discussions, except for the Baird conference, will be available on their investor presentation site.
NIC Utah has requested the cancellation of their press release regarding the redesign of Utah.gov, titled “Utah.gov Redesign Helps Utahns Conduct State Business Easily.”
This press release was issued in error, and NIC Utah has clarified that no replacement release will be distributed.
Tyler Technologies (NYSE: TYL) has announced the redesign of Utah's official website, Utah.gov. This update enhances user experience by providing quicker access to information and services, aided by a new chatbot named 'Porter'. The redesign focuses on users, especially younger adults, ensuring a more intuitive interface. The site attracted over 2.3 million visitors in 2020 and has garnered more than 280 awards for its digital services. NIC Utah, a subsidiary of Tyler, led the redesign project, emphasizing improved digital interactions between residents and government.
Tyler Technologies (NYSE: TYL) has secured a five-year, $7.8 million contract with Cobb County, Georgia, for its CLT Appraisal Services and Assessment Connect solution. This agreement covers the valuation of all commercial properties in Cobb County, totaling over 13,800 properties worth more than $30 billion. The project aims to maintain fair market values and includes an additional tool for real-time data analysis. This collaboration reflects Tyler's continued relationship with Cobb County, enhancing their appraisal and assessment capabilities.
Tyler Technologies (NYSE: TYL) reported its Q1 2021 results with total revenues of $294.8 million, a 6.6% increase from Q1 2020. Recurring revenues surged 13.0% to $221.6 million, making up 75.2% of total revenue. Operating income grew 12.7% to $38.2 million, while net income decreased 22.2% to $37.0 million or $0.88 per diluted share. The company achieved cash flows from operations of $71.7 million, up 26.4%. Tyler also completed strategic acquisitions, including NIC, enhancing its market positioning.
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