TYLER TECHNOLOGIES EXPANDS PRESENCE IN FLORIDA WITH CONTRACT FROM INDIAN RIVER COUNTY
Systems and Services Contract Valued at $1 Million
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Dallas, Texas, June 12, 2002 —Tyler Technologies, Inc. (NYSE: TYL) announced today that Indian River County, Florida has signed a contract to replace its financial information system software with a full suite of Tyler’s MUNIS applications. The total estimated value of the contract, which includes software, professional services and hardware, is approximately $1,000,000. Implementation and training for the new system is expected to be complete by the third quarter of 2003. With the contract award in Indian River County, Tyler continues to expand its geographic presence in the southeastern United States and with larger accounts.
Located 100 miles south of Orlando on Florida’s Treasure Coast, Indian River County has a population of nearly 116,000 and an annual operating budget of approximately $120 million. The county seat is Vero Beach. Under the contract with Tyler, the County will implement MUNIS Financials, Payroll, and Revenue system software. Financial applications include General Ledger, Budgeting, Accounts Payable, Fixed Assets, Inventory, Requisitions, Purchase Orders, Project Accounting, Bids and Quotes, and Contract Management. Payroll applications include Payroll, Personnel Management and Applicant Tracking. Revenue applications include Utility Billing, Accounts Receivable and General Billing. Indian River will also implement MUNIS Office, which provides integration to Microsoft Office, and Formunis, a laser print management system.
Indian River County chose Tyler’s software to replace three different systems and fully integrate the Clerk of the Courts and the Board of Commissioners. “We originally intended to select two finalists from the competing vendors and move to the negotiation process,” commented Ed Fry, Finance Director for the Clerk of the Circuit Court in Indian River County. “After the demonstrations, we were so impressed with the functionality of the MUNIS systems that we selected Tyler as the only finalist.
“We particularly like Tyler’s focus and commitment in the local government market. With MUNIS we found the perfect match of a complete system, fully integrated, with superior product functionality and a reputation for excellent customer service,” continued Mr. Fry. “We look forward to increasing the efficiency of the County’s operations with the new system.”
“We are pleased to establish what we believe will be a long relationship with Indian River County,” said John Marr, Jr., President of Tyler’s MUNIS division. “The southeast is an important region in which we are expanding our geographic presence. In the past six months, seven new clients in the southeast have selected MUNIS, including Fayette and McDuffie counties in Georgia and the Hernando County Sheriff’s Office and the Seacoast Utility Authority in Florida,” added Mr. Marr. “Our progressive technology and ability to demonstrate greater functionality and integration than competitors have enabled us to continue to gain traction in both mature and new markets and to have success in winning larger contracts.”
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 governments 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. Tyler's MUNIS division is a leader in providing financial, human resource and revenue-based applications for the public sector. 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. |
Jun 12, 2002 |
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