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Tyler Technologies Purchases Office Property in Orono, Maine
Rhea-AI Impact
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Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
Tyler Technologies (NYSE: TYL) has acquired the University Inn Academic Suites in Orono, Maine, to support its workforce expansion. The new facility will accommodate around 75 employees, including 36 currently located in Bangor. This move strengthens Tyler's ties to the local community, promoting STEAM job opportunities and collaboration with the University of Maine. The company has over 1,200 employees in Maine and was recognized as a top workplace for 14 consecutive years. The new office will also serve the community during non-office hours, aligning with local economic development plans.
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Acquisition of University Inn Academic Suites to expand workforce capacity to approximately 75 employees.
Strengthening ties to the local community and promoting STEAM job opportunities.
Collaboration with the University of Maine to support local education initiatives.
Recognition as a top workplace in Maine for 14 consecutive years.
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New building will support hiring plans for local talent
ORONO, Maine--(BUSINESS WIRE)--
Tyler Technologies, Inc. (NYSE: TYL) announced today it has purchased the University Inn Academic Suites building in Orono, Maine. Tyler plans to expand its Orono-based workforce, which will accommodate 36 of its team members who currently work out of the Bangor, Maine, office. Once the full renovations are complete, the office will house approximately 75 employees.
“Tyler is excited to expand our presence in Maine with the purchase of the Orono facility,” said Chris Hepburn, president of Tyler’s Enterprise Group. “We have strong ties to the local area and having this new space will allow us to strengthen our commitment to hiring in Maine. In addition, it will help us foster STEAM job opportunities for both full-time employees and for internship candidates, as well as strengthen our relationship with community partners.”
Tyler’s expansion in Orono will also allow for greater collaboration with the Orono-based University of Maine. Recently, Tyler announced a partnership with the Foster Center for Innovation at the University of Maine for its Maine App Challenge. Student participants in the Maine App Challenge, and the educators supporting them, will have the opportunity to complete a series of free workshops at the university related to brainstorming, customer discovery, prototyping, testing, and promotional pitching as they design their app for the competition.
With the new office space in Orono, Tyler plans to provide a shared space to be available to the community during non-office hours. Tyler will also be working closely with the town of Orono to align with its economic development plans.
Tyler has a long history in Maine, with more than 1,200 employees currently based in its Yarmouth, Falmouth, and Bangor offices. The company was recently recognized as a 2021 Best Place to Work in Maine for the 14th year.
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 named to Government Technology's GovTech 100 list five times and has been recognized three times on 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.
