Tyler Technologies Extends Contract for Digital Government and Payment Solutions in the State of Vermont

Rhea-AI Summary

Tyler Technologies has announced a three-year contract extension with the state of Vermont, solidifying a partnership that has been active for 16 years. This extension allows Tyler's subsidiary, NIC, to continue providing over 150 digital government services and 120 websites to more than 90 state agencies. In 2021, NIC Vermont processed over $55 million in payments for the state. The extension signifies confidence in Tyler's ability to deliver efficient digital solutions to improve citizen interaction with government services.

Positive

• Three-year contract extension with Vermont indicates strong ongoing relationship.
• Over 150 digital services and 120 websites provided to more than 90 state agencies.
• NIC Vermont processed over $55 million in payments for the state in 2021.

Negative

• None.

Three-year extension adds to existing 16-year relationship with the state

PLANO, Texas--(BUSINESS WIRE)-- Tyler Technologies, Inc. (NYSE: TYL) recently announced that the state of Vermont has extended its contract for Tyler’s award-winning digital government and payments services. The three-year extension builds upon the existing 16-year relationship with Tyler's subsidiary, NIC.

Since 2006, NIC Vermont has been a trusted partner of the state of Vermont, working with more than 90 state government agencies and localities to deliver services explicitly geared toward helping residents interact easily with government while providing services at no cost to the state under a self-funded model.

Through the partnership with the state, NIC Vermont currently provides more than 150 services and 120 websites, including the redesigned, industry-leading government website, Vermont.gov – a gold award winner in the 2020 W3 Awards and 4^th place finisher in the 2020 Government Experience Awards.

“Through our partnership with the state, NIC Vermont has been honored to provide citizens with efficient, interactive services focused on an exceptional government experience,” said Kim Cuciti, general manager of NIC Vermont. “We look forward to the opportunity to continue to serve state agencies and Vermont citizens for years to come.”

NIC Vermont’s payment processing platform is one of many solutions in the suite of digital services available to the state of Vermont. In 2021 alone, NIC Vermont’s payment processing platform securely processed more than $55 million on behalf of the state.

About Tyler Technologies and NIC

Acquired by Tyler Technologies (NYSE: TYL) on April 21, 2021, NIC is a leader in digital government solutions and payments, partnering with government to deliver user-friendly digital services that make it easier and more efficient to interact with government. NIC and Tyler are united in their mission to empower public sector entities to operate more efficiently and connect more transparently with their constituents and with each other. 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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220920005136/en/

Jennifer Kepler

Tyler Technologies

972.713.3770

Media.team@tylertech.com

Source: Tyler Technologies

FAQ

What is the recent contract extension related to Tyler Technologies (TYL)?

Tyler Technologies announced a three-year extension of its contract with the state of Vermont for digital government services.

How long has Tyler Technologies (TYL) been partnered with Vermont?

Tyler Technologies has been partnered with the state of Vermont for 16 years.

What services are provided under the Tyler Technologies (TYL) Vermont contract?

Tyler Technologies provides over 150 digital government services and maintains 120 websites for Vermont.

How much did NIC Vermont process in payments for the state in 2021?

In 2021, NIC Vermont processed over $55 million in payments on behalf of the state.