TYLER TECHNOLOGIES UNIT AWARDED PROPERTY TAX OUTSOURCING CONTRACT IN FLORIDA
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Dallas, Texas, July 1, 2002 —Tyler Technologies, Inc. (NYSE: TYL) announced today that its Cole Layer Trumble (CLT) division has entered into a contract to provide in-field property tax data collection outsourcing services for the Lee County, Florida Property Appraiser’s office.
Lee County, which includes the cities of Fort Myers, Cape Coral, Fort Myers Beach, Sanibel and Bonita Springs, is located in southwest Florida and is one of the fastest growing counties in the nation. The Property Appraiser’s office will outsource to CLT the in-field data collection process of verifying, collecting and recording data associated with the re-inspections of residential properties for property tax assessment purposes. Florida law currently mandates that such re-inspections take place every three years. Work under the Lee County contract is expected to be completed by the end of 2002.
“We chose Tyler Technologies’ CLT division to provide these important services because of its strong reputation in this industry,” said Ken Wilkinson, Lee County’s elected Property Appraiser since 1980 and author of Florida’s ‘Save Our Homes’ assessment cap. “We were impressed with CLT’s expertise and national track record. They are highly qualified.”
Tyler's CLT division is the nation's largest provider of mass appraisal and property tax software and business process outsourcing services. Since its founding in 1938, CLT has provided mass appraisal services and property tax administration software to over 1,200 assessing jurisdictions in the United States and Canada.
The Lee County outsourcing contract represents further success in Tyler’s efforts to expand its software and services business in the large and growing Florida market. In the property tax area, Tyler’s CLT division currently has software installations in Leon, Manatee, Polk and Palm Beach counties and also supplies the software used by the Florida Department of Revenue to monitor property assessments in all of the state’s 67 counties. In addition, Tyler has recently signed several new contracts to provide financial software systems to cities and counties in Florida.
Tom Madden, Assistant Vice President of Marketing for Tyler’s CLT division, commented, “Our Florida regional office is well-positioned to sign more property tax outsourcing business in the state. The quality reputation that we have built over the years is reflected in the loyalty of our existing clients and their positive references to prospective clients.”
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 in its operations. 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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Jul 01, 2002 |
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