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Tyler Technologies (NYSE: TYL) has acquired Safeground Analytics, enhancing its appraisal services for state and local governments. This strategic acquisition aims to leverage Safeground's expertise in residential and commercial property assessments, which aligns with Tyler's long-standing commitment to the appraisal market. With over 80 years of experience, Tyler anticipates growth in service offerings and increased client retention. Safeground's strong presence in New England will complement Tyler's nationwide reach, while expanding its capabilities in litigation support and assessor training.
Safeground's experience and client retention strengthen Tyler's service offerings.
Integration of Safeground's expertise in litigation support expands Tyler's service range.
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Acquisition to elevate appraisal services offerings for assessment community
PLANO, Texas--(BUSINESS WIRE)--
Tyler Technologies, Inc. (NYSE: TYL) announced today it has acquired Safeground Analytics, a company providing exemplary real estate appraisals and assessments for states, counties, and municipalities. Safeground brings an experienced team of appraisers, analysts, statisticians, economists, computer scientists, and assessors to provide residential and commercial reassessments, bolstering Tyler’s existing appraisal services business.
“Tyler has been the leader in the appraisal market for more than 80 years, and we remain committed to strengthening our service offerings in this space,” said Mark Hawkins, president of Tyler’s Property & Recoding Division. “Safeground has been our partner on numerous valuation projects over the years, and we continue to be impressed by the company’s strong client retention, their deep appraisal experience – particularly with complex commercial properties – and their commitment to supporting the education and training of assessors. We are excited to welcome them to the Tyler team.”
Since 2015, Tyler has worked with Safeground on multifaceted valuation projects in New England and is currently contracting its services for three county-wide commercial reassessments in Delaware. Safeground has a strong presence in the New England and mid-Atlantic markets, which complements Tyler’s nationwide appraisal footprint.
In addition to appraisal services, Safeground brings expertise in litigation support and expert witness testimony for property appraisal matters, as well as auditing and monitoring services, expanding Tyler’s appraisal services offerings. The company is experienced in providing education training courses to further strengthen and grow Tyler’s professional services offerings to the assessment community.
“Joining a company with such a broad – and growing – footprint means exciting opportunities to expand our appraisal services and benefit assessors nationwide,” said John Valente, chief executive officer of Safeground. “Tyler and Safeground share similar values, expertise, and a commitment to International Association of Assessing Officers (IAAO) technical standards for fair and equitable property assessments. We are excited to integrate our expertise and make an impact on nationwide appraisal services.”
Founded by John Valente, Safeground is currently based in Northampton, Massachusetts. The Safeground team will join Tyler’s Property & Recording Division but will remain in New England as remote employees. John will serve as Northeast Regional Appraisal Manager.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) provides integrated software and technology services to the public sector. Tyler’s end-to-end solutions empower local, state, and federal government entities to operate more efficiently and connect more transparently with their constituents and with each other. By connecting data and processes across disparate systems, Tyler’s solutions are transforming how clients gain actionable insights that solve problems in their communities. Tyler has more than 37,000 successful installations across more than 12,000 locations, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been recognized numerous times for growth and innovation, including Government Technology’s GovTech 100 list and Forbes’ “Most Innovative Growth Companies” list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com.
