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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.
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Tyler Technologies, Inc. (NYSE: TYL) has successfully deployed its State Firearm POC Background Check solution for the New York State Police, improving the efficiency and accuracy of background checks for purchasers of ammunition and firearms in response to recently enacted legislation. The solution supports the mandated background check requirements and fee charges, ensuring a smooth and accurate process for obtaining firearms and ammunition in New York state.
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Tyler Technologies, Inc. (NYSE: TYL) announced the increasing adoption of its Workforce Case Management suite among federal government agencies in response to President Biden's Executive Order on Diversity, Equity, Inclusion and Accessibility in the Federal Workforce. The suite includes applications for Equal Employment Opportunity, Military Employment Opportunity, Anti-Harassment, Reasonable Accommodation, Labor Relations, and Civil Rights. Tyler's EEO Case Management solutions process 80% of federal EEO claims and enable agencies to generate the federally mandated Form 462 annual report.
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Tyler Technologies, Inc. (TYL) has been named to the Detroit Free Press’ '2023 Top Workplaces' list in Michigan for the seventh time. The company was recognized in the large company category, which includes companies with more than 500 local employees. This recognition is based on an independent, confidential survey of employees conducted by Energage, covering areas such as company alignment, effectiveness, leadership, management, and work/life balance. Tyler's Troy office, home to its Public Safety Division and New World ERP staff, houses more than 550 employees, contributing to the company's total of over 7,200 employees nationwide.
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Tyler Technologies, Inc. (NYSE: TYL) announced that the DeKalb County Clerk of Superior Court in Georgia has successfully transitioned its Tyler products from an on-premises installation to a SaaS installation, powered by Amazon Web Services (AWS). This move brings better security, flexibility, and stability to the county, with benefits including cost effectiveness and CJIS-compliant cybersecurity protection. DeKalb County, Georgia, the fourth most populous county in the state, will realize these benefits in the coming months and years.
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Tyler Technologies, Inc. (NYSE: TYL) has been named to The Dallas Morning News’ “Top Workplaces D-FW” in the large company category for 2023. This marks the tenth time the company has been recognized as a top workplace in the region. The Dallas Morning News bases its “Top Workplaces D-FW” on an independent, confidential survey of employees conducted by Energage, asking questions related to company alignment, effectiveness, leadership, management, and work/life balance. Tyler Technologies, Inc. is proud of its company culture and the recognition by The Dallas Morning News.
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Tyler Technologies, Inc. (NYSE: TYL) announced the winners of its first annual Veterans Service Officers (VSO) Excellence Awards, recognizing outstanding VSOs and Offices who use Tyler’s Veterans’ Benefits and VetraSpec solutions. The awards highlight exceptional service to veterans and the community, with winners from North Dakota, Michigan, Minnesota, and Kansas. Tyler's solutions have processed claims for almost half of the nearly 19 million American veterans, with over 300 counties and 4,500 VSOs relying on their software.
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Tyler Technologies, Inc. (NYSE: TYL) announced the successful implementation of its Application Platform solution by the Alabama Department of Veterans Affairs (ADVA) to streamline the scholarship application process for the Alabama G.I. Dependent Scholarship Program. The mobile component of the product was launched in September 2023, making it easier for applicants to apply for scholarships.
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Tyler Technologies, Inc. (NYSE: TYL) reported strong financial results for Q3 2023. Total revenues were $494.7 million, up 4.5% YoY. Recurring revenues from maintenance and subscriptions grew 11.0% YoY, with subscription revenues up 16.1%. SaaS revenues grew organically by 26.0% to $138.5 million. GAAP net income was $47.0 million, down 11.7% YoY, while non-GAAP net income was $91.6 million, up 4.9% YoY. Cash flows from operations increased by 37.2% YoY to $177.5 million. Tyler Technologies completed the acquisition of Computer Systems Innovations for $36 million.
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Tyler Technologies, Inc. has acquired ResourceX, a leader in priority-based budgeting software for the public sector. This acquisition enhances Tyler's offerings in the public sector budgeting space and adds a unique enterprise resource planning (ERP) solution. ResourceX's applications leverage machine learning and AI to predict multi-million-dollar opportunities and improve resource allocation. ResourceX has over 60 clients across the U.S. and Canada, including cities like Tulsa, Salt Lake City, and Pittsburgh.
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Tyler Technologies has acquired ARInspect, a provider of AI-powered machine learning solutions for public sector field operations. This acquisition adds ARInspect's platform to Tyler's portfolio, enhancing its Application Platform and other solutions with intelligent edge technology. Tyler plans to leverage ARInspect's technology across its state and federal verticals, focusing on regulated entities such as environmental protection and disaster recovery.
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FAQ
What is the current stock price of Tyler Technologies (TYL)?
The current stock price of Tyler Technologies (TYL) is $605.42 as of December 20, 2024.
What is the market cap of Tyler Technologies (TYL)?
The market cap of Tyler Technologies (TYL) is approximately 25.7B.
What does Tyler Technologies, Inc. do?
Tyler Technologies provides information management solutions and services for local governments, including software for cities, counties, schools, and courts.
Where is Tyler Technologies headquartered?
Tyler Technologies is headquartered in Plano, Texas.
What are the core products of Tyler Technologies?
The core products of Tyler Technologies include Munis (an ERP system), Odyssey (a court management system), and a payments platform.
How many clients does Tyler Technologies have?
Tyler Technologies serves over 14,000 local government offices across various regions including the United States, Canada, the Caribbean, and the United Kingdom.
Has Tyler Technologies received any notable recognition?
Yes, Tyler Technologies has been named one of 'America’s Best Small Companies' by Forbes eight times and has been included in the Barron’s 400 Index six times.
What additional services does Tyler Technologies offer?
In addition to its core software solutions, Tyler Technologies offers add-on modules and outsourced property tax assessment services.
Is Tyler Technologies an equal opportunity employer?
Yes, Tyler Technologies is an equal opportunity employer, providing consideration to all qualified applicants without regard to race, creed, gender/sex, marital status, or sexual orientation.
How does Tyler Technologies impact local governments?
Tyler Technologies enhances the efficiency, accessibility, and responsiveness of local governments through its software solutions, improving operations and citizen engagement.
Where can I find more information about Tyler Technologies?
More information about Tyler Technologies can be found on their official website at www.tylertech.com.
Tyler Technologies, Inc.
NYSE:TYL
TYL Rankings
TYL Stock Data
25.65B
42.57M
0.53%
93.64%
1.61%
Software - Application
Services-prepackaged Software
United States of America
PLANO