Dallas, November 16, 2006 -- Tyler Technologies, Inc. (NYSE: TYL) announced today that it has signed a contract for approximately $1 million with the City of North Miami, Florida to provide a comprehensive software and services package. Included in the arrangement is a full suite of Tyler's EDEN financials products, including general ledger, accounts payable, accounts receivable, budgeting, inventory, bid and quote management, contract management and Web extensions applications. In addition, the City will implement Tyler's payroll software, which includes applicant tracking, employee training, human resources, budgeting and Web extensions; as well as citizen service software that consists of parcel manager, permits and inspections, utility billing, licensing, special assessments, customer requests, and citizen Web extensions. The consummation of this contract expands a strong Tyler presence with EDEN software in the state, bringing to thirteen the number of Florida EDEN customers.
North Miami is located in northeast Miami-Dade County and boasts a population of more than 60,000. The City is home to the world-famous Johnson & Wales University, Florida International University, the Museum of Contemporary Arts (MoCA), and the 22-acre Enchanted Forest Elaine Gordon Park. Rich in cultural diversity and subtropical climate, the City offers a wide variety of recreational and community activities. Additionally, its friendly atmosphere and rich palate of languages, cultures, ages and races helps give the City its reputation as an open-minded, growing and prosperous business community, with a vision for a bright future.
Tyler's EDEN software is an ideal fit with the City's diverse needs. North Miami's Hortensia Machado stated, "As IT Director for the City, I am happy to say that my vision to update the City's technology has finally become a reality. We began our quest about three years ago, searching for and evaluating software to upgrade our existing system. After our long search we found Tyler's EDEN product to be the best match for the City of North Miami's requirements. We are looking forward to bringing our city up to date and into the technologically-savvy future."
According to Jeff Green, President of Tyler's EDEN division, "North Miami's purchase of our EDEN financial, payroll, and citizen services software suites reinforces the City's already strong commitment to efficiently serving its community. With Tyler's EDEN solution, North Miami will improve its business processes, maximize productivity, and become even more responsive to its constituents. We are looking forward to a long and rewarding partnership with North Miami, and welcome them to our expanding Florida customer base."
Based in Dallas, Tyler Technologies is a leading provider of end-to-end information management solutions and services for 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 more than 6,000 local government offices throughout all 50 states, Canada, Puerto Rico and the United Kingdom. Forbes Magazine named Tyler one of the "200 Best Small Companies" in America in 2004. More information about Tyler Technologies can be found at www.tylertech.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, the ability of the Company to successfully integrate acquisitions, 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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