Tyler Technol - TYL STOCK NEWS

Tyler Technologies (NYSE: TYL) has successfully acquired NIC Inc. (NASDAQ: EGOV), a prominent digital government solutions provider serving over 7,100 agencies nationwide. This acquisition enhances Tyler's capabilities to provide innovative platform solutions for federal, state, and local governments, addressing high demand for efficient services. NIC processed over $24 billion in payments in 2020, boosting Tyler's strategic payment initiatives. NIC's CEO, Harry Herington, is retiring, while NIC's leadership will remain for smooth integration. Advisors include Goldman Sachs for Tyler and Cowen & Company for NIC.

Tyler Technologies (NYSE: TYL) has joined the IMS Global Learning Consortium as a contributing member, aiming to enhance educational technology interoperability. This membership allows Tyler to lead initiatives that improve K-12 schools’ data management through student information systems (SIS). Tyler is committed to promoting open standards for education technology, which will facilitate better integration among various software systems. The IMS Global community includes over 620 members, highlighting Tyler's significant role in advancing digital transformation in education.

Tyler Technologies (NYSE: TYL) will announce its first quarter 2021 results on April 29, 2021, at 10 a.m. ET during a teleconference led by CEO H. Lynn Moore Jr. and CFO Brian K. Miller. The press release will be available post-market close on April 28, 2021. Participants can pre-register via a provided link or dial in directly for the call. A replay will be accessible starting one hour after the call and will run until May 6, 2021. Tyler Technologies provides integrated software solutions for government entities, leveraging over 27,000 successful installations worldwide.

Tyler Technologies (NYSE: TYL) has launched the EnerGov Decision Engine, a web-based application designed to streamline the complex processes involved in understanding local ordinances, permits, and licenses. This user-friendly solution enables constituents to access necessary information quickly, such as land development and permit applications, while reducing the need for in-person visits to city hall. EnerGov Decision Engine integrates with Tyler's existing civic services and is currently utilized by over 600 municipalities across the U.S. and Canada.

Tyler Technologies, Inc. (NYSE: TYL) has released its second annual corporate responsibility report, highlighting its efforts in environmental, social, and governance (ESG) initiatives amidst global challenges in 2020. Key achievements include generating $361,000 in grants through the Tyler Foundation, saving 2.4 million pounds of paper via paperless solutions, offering unlimited coronavirus paid time off, and earning recognition on Forbes’ lists for workplace diversity. The report emphasizes Tyler's commitment to corporate responsibility and outlines strategies for enhancing transparency and impact.

Tyler Technologies, Inc. (NYSE: TYL) has acquired ReadySub, a cloud-based platform for absence tracking and substitute management in school districts. This acquisition enhances Tyler's portfolio by integrating ReadySub's solutions with its existing school administration products. ReadySub serves around 1,000 districts, with 20 overlapping clients. The platform addresses substitute shortages exacerbated by the pandemic, simplifying the process of filling absences and integrating payroll functions. ReadySub's team will join Tyler’s Schools organization, continuing remote operations.

Tyler Technologies (NYSE: TYL) announced the acquisition of DataSpec, a leader in veterans’ claims management solutions. This strategic move strengthens Tyler's position in the market, enhancing its technology offerings with DataSpec’s VetraSpec platform, used by over 5,000 clients. DataSpec's software allows secure electronic claims submission to the VA, improving reporting and management for state departments. Tyler aims to leverage this acquisition to provide a modernized solution for veterans’ benefits, expanding its reach within VA departments across various states.

Tyler Technologies (NYSE: TYL) and NIC Inc. (NASDAQ: EGOV) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, a step toward Tyler's acquisition of NIC. This expiration is a critical milestone, satisfying a closing condition for the transaction. Following this, the acquisition remains subject to customary conditions, including shareholder approval from NIC, with expectations to close in Q2 2021. NIC serves over 7,100 government agencies, having processed 400 million online transactions in 2020, showcasing its impact in the digital solutions space.

Tyler Technologies (NYSE: TYL) has successfully implemented its Munis® enterprise resource planning (ERP) and ExecuTime™ time & attendance solutions for Marin County, California, enhancing operational efficiency for over 2,000 employees. Key upgrades include replacing paper-based timesheets with electronic ones, launching online access portals for employees and vendors, and streamlining employee information management. Tyler’s solutions aim to reduce costs and enhance payroll processes while facilitating better management of time-off requests and attendance.