Dallas, March 22, 2007 – Tyler Technologies, Inc. (NYSE: TYL) announced today that it has signed contracts to provide financial software and related professional services to two new Florida clients. The Town of Palm Beach purchased a full suite of Tyler's EDEN financial software and the City of North Lauderdale selected Tyler's MUNIS financial and productivity integrated solutions. The two contracts total more than $1.35 million and reinforce Tyler's focus on serving the communities of Florida.
With a presence in all 50 states, Tyler has earned a solid reputation as a provider of feature-rich and functionally robust integrated software solutions for local governments, along with exceptional service and support. The result has favored Tyler as a clear choice for communities looking to replace outdated existing systems with sound, technologically advanced solutions—leading to the growing client base in the state of Florida.
North Lauderdale was founded in 1963 and is located in south Florida's Broward County. Boasting a growing population of 41,000, North Lauderdale is a community rich in diversity. Palm Beach, a barrier island located 65 miles north of Miami, is home to 10,000 year-round residents and about 30,000 seasonal residents. Palm Beach is the land area closest to the Gulf Stream, which produces lush gardens, palm-lined beaches, and an outstanding marine environment.
According to Dick Peterson, President of Tyler's MUNIS division, "In partnering with both the Town of Palm Beach and the City of North Lauderdale, Tyler now has 70 clients in Florida who have chosen to implement MUNIS or EDEN financial software and services. With many Tyler employees making their homes in Florida, and our long-standing client relationships with numerous municipalities in the state, Tyler understands Florida public sector government needs—and what they need to be successful."
Jeff Green, EDEN division's President, agrees. "We at Tyler feel very strongly that our broad presence in a geographical area such as the state of Florida creates a win-win situation for everyone—for the Tyler community, and for the municipalities, their citizens, and their visitors. We are committed to providing quality, long-range solutions and services in the state, and look forward to a sustained and mutually beneficial relationship with all our Florida clients."
Both North Lauderdale and Palm Beach will be implementing a full-service suite of applications and services encompassing Financials, Payroll and Human Resources, Citizen Services, and Permits & Inspections. In addition, both municipalities have chosen to complement their accounting solutions with several of Tyler's integrated options, including TylerForms, Crystal and GASB reporting services, and Web extensions.
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, 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. |