TYLER TECHNOLOGIES UNIT AWARDED CONTRACTS FOR INVISION SYSTEMS
WITH SIX NEW CUSTOMERS
Company Expands Presence Into New Markets
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Dallas, Texas, November 19, 2001 —Tyler Technologies, Inc. (NYSE: TYL) announced today that its INCODE division has signed contracts with six cities in six different states to provide its InVision suite of software applications for local governments, as well as related professional services. Under the contracts, which have a combined value of $1.3 million, Tyler is installing InVision for the cities of Del Rio, Texas; Porterville, California; Artesia, New Mexico; Bartow, Florida; Van Buren, Arkansas; and Crossville, Tennessee.
InVision is Tyler Technologies’ Windows-based suite of applications designed for local governments. InVision is supported on Windows NT, Windows 2000 and Novell networks. The InVision suite includes Financials, Human Resources, Municipal Court, and Customer Relationship Management (CRM) applications. CRM applications include Utility Customer Information System, Property Management, Contact Management, Business License, Permits and Inspections, Citizen Complaint Tracking, EMS Billing, and Miscellaneous Accounts Receivables.
“These new customers are reflective of the broad market demand for Tyler’s InVision product, which is targeted at small and medium-sized local governments desiring a high-quality solution,” commented Steve Nieman, President of Tyler’s INCODE division. “We are pleased with the growing market acceptance of the InVision product and our success in expanding our market presence with sales in new geographic territories.
“These six new customers range in population from 8,500 to 40,000 and fall in the heart of INCODE’s target market,” continued Mr. Nieman. “The contract in Del Rio, Texas is indicative of our continuing success in states such as Texas, where we have historically had a major presence and have a market share of over 50% of the small and mid-sized cities. The other five new customers are in states where we have previously had little or no presence. Expansion in states such as California, Florida, Tennessee and Arkansas represents a major growth opportunity for our InVision product. We are pleased that these outstanding new customers in key markets have chosen Tyler Technologies to meet their information technology needs.”
Mr. Nieman added, “Our reputation for excellent service and customer satisfaction complements our InVision product and gives Tyler’s prospective customers a high level of confidence in our ability to deliver a successful overall implementation.”
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services to local governments. Tyler partners with clients to make local government more accessible to the public, more responsive to needs of citizens, and more efficient. Tyler's client base includes nearly 6,000 local government offices in 49 states, Canada and Puerto Rico. More information about Tyler Technologies can be found on the World Wide Web at www.tylertechnologies.com.
Tyler Technologies, Inc. has included in this press release "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning its business and operations. Tyler Technologies expressly disclaims any obligation to release publicly any updates or revisions to these forward-looking statements to reflect any change in its expectations. These expectations and the related statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, changes in competition, changes in general economic conditions, changes in the budgets and regulatory environments of the Company's customers, risks associated with the development of new products and the enhancement of existing products, the ability to attract and retain qualified personnel, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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Nov 19, 2001 |
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